________ Refers to the Ability of Consumers to Stop or Change

question 229

Multiple Choice

________ refers to the ability of consumers to stop or change the kind, amount, or timing of information sent to them about products or brands.

• A) E-decline
• B) Consent-revocation
• C) Opt-out
• D) Permission-denial
• E) Authorization-retraction

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Definitions:

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.

Recession

Cyclical economic contraction that lasts for six months or longer.

Deregulation

Regulatory trend toward elimination of legal restraints on competition in industries previously served by a single firm in an attempt to improve customer service and lower prices through increased competition.

Regulated Monopolies

Monopolies that are allowed to exist by the government but with restricted and controlled powers to prevent unfair practices.