Expecting the Future to Be Like the Recent Past Is

question 100

Multiple Choice

Expecting the future to be like the recent past is an approach to forming expectations that economists call _____ expectations.

• A) neutral
• B) rational
• C) adaptive
• D) consistency

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Definitions:

Marketing Research Data

Information collected specifically to address marketing questions, through methods like surveys, interviews, and analysis of consumer behavior.

Relational Orientation

An approach that emphasizes building and maintaining strong, positive relationships between businesses and their customers.

Long-term Relationship

A commitment between two parties to interact with and support each other over an extended period, often characterized by trust, loyalty, and mutual benefits.

Customer Relationship Management

A strategy for managing interactions with current and potential customers, often using data analysis to enhance business relationships.