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A Good,service,or Idea Consisting of a Bundle of Tangible and Intangible

question 158

Multiple Choice

A good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is referred to as __________.


Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Obedience

A form of social influence where an individual acts in response to a direct order from another individual, usually an authority figure.

Compliance

The act of conforming to a request or demand, often studied in social psychology as a form of social influence.

Group Polarization

Group polarization occurs when discussions within a group lead to an accentuation of the group's initial inclination, often resulting in more extreme positions.

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