When a Group of Consumers Refuses to Do Business with a Company

question 16

Multiple Choice

When a group of consumers refuses to do business with a company in order to show disapproval of the company's actions and to encourage the company to change, the consumers are participating in a(n) ________.

• A) regulation
• B) boycott
• C) nongovernmental organization
• D) exaggerated claim
• E) sustainability effort

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Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Major Industries

The key sectors that are the backbone of an economy, usually characterized by large revenue and substantial impact on employment.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Carter And Reagan Administrations

The presidential terms of Jimmy Carter (1977-1981) and Ronald Reagan (1981-1989), notable for distinct economic and foreign policies.