The Theory of Consumer Behavior Is Based on Certain Assumptions

question 8

Multiple Choice

The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions includes:

• A) completeness.
• B) transitivity.
• C) intransitivity.
• D) Both A and B are correct.
• E) Both A and C are correct.

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Definitions:

Teleological

Related to the explanation of phenomena by the purpose they serve rather than by postulated causes, focusing on end goals or objectives.

Developmental

Pertaining to the process of growth or evolution, especially with regard to abilities, understanding, or physical characteristics.

Sustainable Technologies

Consists of innovative tools, systems, or methods that minimize environmental damage and are resource-efficient, supporting long-term ecological balance.

Ethical Challenges

Situations or decisions within businesses or organizations that involve moral dilemmas or require ethical considerations.