Stefanie's Mother Always Shopped at the Supermarket Once a Month

question 70

Multiple Choice

Stefanie's mother always shopped at the supermarket once a month.One reason why Stefanie is such an efficient shopper is that,like her mother,she believes,"Buy only what is essential or needed right now." The norms and values passed on to Stefanie are an example of:

• A) consumerism.
• B) the socialization process.
• C) the role of society in consumer decision making.
• D) the role opinion leaders play in business decision making.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and the creation of goods or services for profit.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his theories about communism.

Demographic Transition

The process of change in a society's population from high birth and death rates to low birth and death rates, often associated with economic development.

Deaths

The termination of all biological functions that sustain a living organism.