Final answer:
Consumer Reports expects that consumers use price, display, web browsing, and battery life as value attributes when considering the purchase of a smartphone. These attributes help consumers determine the utility and overall worth of a product that best meets their preferences and needs.
Step-by-step explanation:
For the purchase of a smartphone, Consumer Reports expects that many consumers use price, display, web browsing, and battery life as value attributes, since it tests products on these dimensions. When looking at value attributes, consumers consider elements of a product that influence their decision to purchase. These attributes are significant factors that represent what individuals weigh when evaluating the quality, utility, and overall worth of a product. Consumers are likely to think about what will make them the happiest, the costs involved, and the trade-offs between buying more of one item and less of another. Ultimately, they choose what provides them with the highest level of utility, which reflects their personal preferences and priorities.