Final answer:
When making quick purchase decisions for inexpensive items not of high importance, customers generally have a relatively low degree of imperfect information.
Step-by-step explanation:
When making quick purchase decisions for inexpensive items not of high importance, customers are more likely to have a relatively low degree of imperfect information. This means that they have enough knowledge about the product and its price to make a speedy decision.
For example, buying apples at a roadside stand or buying dinner at the neighborhood restaurant around the corner are both simple purchases that do not require extensive research or evaluation. Customers can quickly assess the quality and price of the items and make a decision.
On the other hand, when buying a used laptop computer at a garage sale or ordering flowers over the internet for a friend in a different city, the degree of imperfect information may be relatively high. In these cases, customers may need more information about the condition of the laptop or the reliability of the online flower delivery service before making a decision.