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The Economic Model of Consumer Behavior Explains How Consumers' Tastes

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The economic model of consumer behavior explains how consumers' tastes and preferences are formed.


Definitions:

Job Requirements

Specifications and qualifications necessary for performing a specific job.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their motivation, performance, and overall well-being.

Job Performance

The effectiveness with which job duties are executed and the extent to which an employee accomplishes set tasks and goals.

Cognitive Dissonance

The discomfort felt when attitude and behaviour are inconsistent.

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