_____ Is the Process by Which Consumers Change Their Behavior

question 19

Short Answer

_____ is the process by which consumers change their behavior after they gain information or experience with a product.

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Definitions:

Downturn in Economy

A period when economic activity is declining, marked by decreased spending and increased unemployment.

Regulatory Changes

Modifications or updates to the rules and regulations that govern industry practices and standards.

Market Competition

The rivalry among businesses to attract customers, aiming to increase market share by offering better products, prices, or services.

Contingency Decision

Decision-making that is undertaken to address unexpected events or emergencies, typically involving alternative plans or actions.