The Type of Value, Identified by Sheth, Newman and Gross

question 17

Multiple Choice

The type of value, identified by Sheth, Newman and Gross, which relates to the product or services ability to perform its utilitarian function, is

• A) Social Value
• B) Emotional Value
• C) Functional Value
• D) Conditional Value
• E) Epistemic Value

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Definitions:

Non-normative Life Event Influences

Pertains to unique life events that occur unpredictably and aren't common to all individuals, significantly impacting one's life trajectory differently from societal norms.

Psychosocial Development

A concept in psychology that outlines how individuals' social interactions and experiences affect their psychological growth.

Behavioral Perspective

An approach in psychology focusing on observable behaviors and the ways in which learning occurs through interactions with the environment.

Humanistic Potential

The inherent capacity for personal growth and achieving self-fulfillment, often emphasized in humanistic psychology.