The Term ________ Refers to the Ability of Consumers to Stop

question 191

Multiple Choice

The term ________ refers to the ability of consumers to stop or change the kind,amount,or timing of information sent to them about products or brands.

• A)not-in
• B)consent-out
• C)opt-out
• D)permission-denied
• E)authorization-denied

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Definitions:

Transitivity

Transitivity in decision-making implies that if a person prefers option A over B, and B over C, then the person should also prefer A over C, forming a consistent order of preferences.

Completeness

In decision theory, the idea that every set of choices can be ranked in an order of preference, allowing for a consistent choice under different scenarios.

Indifference Curve

A graph representing combinations of goods among which a consumer is indifferent, reflecting their preferences and utility.

Utility

In economics, the satisfaction or benefit derived by consuming a product or service; a measure of preferences over some set of goods and services.