Once You Enter University, You Likely Have to Learn How

question 205

Multiple Choice

Once you enter university, you likely have to learn how to shop, keep up an apartment, and maintain an organized life, if you have not learned already. This process by which people acquire the skills, knowledge, and attitudes necessary to function as consumers is known as

• A)Purchasing socialization
• B)Consumer enculturation
• C)Consumer acclamation
• D)Consumer socialization

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Definitions:

B2C

Business-to-Consumer, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.

C2B

Consumer-to-Business, a business model where consumers create value or products that businesses purchase.

B2B

Business-to-Business, a model that involves transactions between two firms rather than between a firm and individual consumers.

Ordering Cost

The expenses incurred in placing and receiving orders for materials or products, including paperwork, communication, and transportation costs.