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What Is the Process of Monitoring and Responding to What

question 66

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What is the process of monitoring and responding to what is being said about a company, individual, product, or brand?


Definitions:

Consumption

The act of using goods and services for personal needs or wants, including basics like food and housing to luxury items.

Disposable Income

Resources allocated for household expenditure and savings after income tax expenses.

Consumption

Families making use of goods and services.

Conspicuous Consumption

A term coined by Thorstein Veblen, referring to the spending of money on luxury goods and services to publicly display economic power—the consumption for the sake of prestige or status rather than utility.

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