From the Consumer's Viewpoint, Which of the Following Is to Get

question 14

Multiple Choice

From the consumer's viewpoint, which of the following is to get the most total satisfaction or value from the least amount of money spent given the prices of the goods or services faced and the income level of the consumer?

• A) Profit maximization
• B) Resource maximization
• C) Utility maximization
• D) Product maximization

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Definitions:

Kohlberg

He is known for his theory of moral development which suggests that the ability to reason morally depends upon certain developmental stages.

Postconventional

A stage in Kohlberg's theory of moral development where moral reasoning is based on abstract reasoning and principles, beyond societal conventions.

Kohlberg

The psychologist Lawrence Kohlberg, known for his theory of moral development which outlines the stages of moral reasoning.

Conventional

Following traditional forms or standards, typically in relation to behavior or beliefs.