What Mechanism Assures That Firms Produce Outputs That Consumers Actually

question 106

Multiple Choice

What mechanism assures that firms produce outputs that consumers actually desire?

• A)governmental regulations on the mix of outputs 
• B)altruism 
• C)the desire for profit 
• D)a desire to serve others without thought of reward 
• E)All of the above are correct.

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Definitions:

Purchase Momentum

The psychological phenomenon where an initial purchase increases the likelihood of further purchases.

Extended Problem Solving

Extended problem solving occurs in consumer behavior when individuals engage in a careful and deliberate choice process, often for significant, complex, or high-investment purchases.

Habitual Decision Making

Decision making characterized by little to no conscious thought, typically due to familiarity or routine.

Behavioural Influence Perspective

A viewpoint in psychology that focuses on understanding how external factors, such as environment or social interactions, shape behaviors.