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Danielle and Kelli Jo both saw the same ad. The product being advertised was very important to Danielle, but of only minor interest to Kelli Jo. According to the elaboration likelihood model, even if both women buy the product, how will the relationship between attitude change and behaviour be different?
Marginal Utility
The supplementary enjoyment or value obtained by consuming another unit of a good or service.
Disability Insurance
A type of insurance that provides financial support to individuals who cannot work due to a disability.
Expected Utility
The anticipated satisfaction or value derived from a decision, taking into account the probabilities of different outcomes.
Risk-averse
A term describing individuals or entities that prefer to avoid risk, opting for more certain outcomes even if it means potentially receiving lower returns.
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