In the Consumer Decision Making Process, _____ Uses Information-Either Based

question 37

Multiple Choice

In the consumer decision making process, _____ uses information-either based on past interactions or collected through external sources-to instantaneously customize the customer experience.

• A)Automation
• B)Contextual innovation
• C)Journey innovation
• D)Proactive personalization

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Definitions:

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an international cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market.

Tax Burden

The overall economic weight of taxation on an individual, corporation, or other entity, often measured as a percentage of income or revenue.

Inelastic

A characteristic of demand whereby a change in price leads to a lesser change in the quantity demanded, indicating low sensitivity to price changes.

Price Ceilings

Government-imposed limits on how high a price can be charged for a product, service, or commodity.