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Exponential Utility Functions Assume That the Decision Maker Is

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Exponential utility functions assume that the decision maker is


Definitions:

Perceived Purchase Satisfaction

The level of contentment a customer feels regarding their decision to buy a product or service, based on their expectations and the product's performance.

Actual Product Performance

The real-life functionality and effectiveness of a product as experienced by the user, which can influence customer satisfaction and brand loyalty.

Product Perception

The way consumers view or understand a product based on its attributes, quality, and overall brand image.

Circular Relationship

An interdependent relationship where two or more elements are related in such a way that each one influences or is influenced by the others, often creating a cycle.

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