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High-Involvement Shoppers Gather Information in All Channels,purchasing in a Low-Cost

question 33

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High-involvement shoppers gather information in all channels,purchasing in a low-cost channel,but taking advantage of customer support from a high-touch channel.


Definitions:

Marginal Utility

The augmented joy or usefulness a shopper obtains by buying an extra unit of a commodity or service.

Utility Maximization

The economic principle that individuals seek to allocate their resources in a way that maximizes their satisfaction or utility.

Consumption

The spending on goods and services by households or individuals.

Marginal Utility

The supplementary satisfaction or benefit obtained from using an additional unit of a product or service.

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