Define the Following Terms

question 44

Short Answer

Define the following terms:
-risk, need and responsivity

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Definitions:

Perceived Risk

The potential that a consumer sees in a purchase decision that could lead to a loss or negative outcome, influencing their buying behavior.

Purchase Satisfaction

The level of contentment of a customer with the experience and outcomes of buying a product or service.

Heavy-duty Electric Mixer

An industrial or commercial grade mixer designed for extensive use in baking, cooking, or food preparation, capable of handling thick doughs or large quantities of ingredients.

Benefits

Advantages or positive effects that something provides, often used in the context of employment perks or product features that meet customer needs.