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In Order to Reach Millennials, Marketers Should Strive to Develop

question 83

True/False

In order to reach Millennials, marketers should strive to develop campaigns that seem authentic and real, two qualities Millennials take pride in.


Definitions:

Risk

Uncertainty about future outcomes.

Risk-Averse

A description of an individual or organization that prefers to avoid uncertainty and is willing to sacrifice some potential gain to avoid risk.

Expected-Utility Maximizer

An economic concept referring to an individual who chooses between uncertain prospects by comparing their expected utilities.

Bet

A wager or gamble where an individual risks a certain amount of money or valuables on the outcome of an uncertain event.

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