Norms Are Standards or Styles of Behavior That Are Considered

question 15

True/False

Norms are standards or styles of behavior that are considered acceptable or typical for a group of people.

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Definitions:

Determinants of Value

Factors that influence the worth or price of something, including demand, utility, scarcity, and transferability.

Defensive Industries

Industries with below-average sensitivity to the state of the economy.

Durable Goods

Consumer products that have a long life span (over three years) and are used over time, such as cars, appliances, and furniture.

Food Producers

Food Producers are companies or individuals engaged in the cultivation, preservation, and distribution of food products and commodities to consumers.