The Consumer Buyer Behavior Trend of Individualism Has Resulted in Consumers

question 219

Multiple Choice

The consumer buyer behavior trend of individualism has resulted in consumers wanting:

• A) new products developed at a faster pace then ever before
• B) companies to design products just for them, that meet their individual needs
• C) companies to develop time-saving products
• D) gender neutral products

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Definitions:

CESA

Coverdell Education Savings Account, a tax-advantaged investment account in the U.S. designed to encourage savings for education expenses.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Tax-Free

Income or financial transactions that are exempt from taxation by the government.

Contract Holder

An individual or entity that owns an agreement or policy, particularly in contexts like insurance or investments.