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:

Implied in Fact Contracts

Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.

Obligation Imposed

A duty or responsibility enforced by law, regulation, or agreement.

Contract Formation

The process whereby parties agree upon and establish the terms of a contract, leading to a binding legal agreement.