The Concept "Conspicuous Consumption" Refers to

question 71

Multiple Choice

The concept "conspicuous consumption" refers to

• A)buying things that are popular with the most people.
• B)buying more than what you need for the moment.
• C)the practice of buying things to make a statement about one's social position.
• D)acting as if one had a lower social position than is really the case.

---

Definitions:

Unilateral Contract

is a type of contract where only one party makes a promise or undertakes a performance obligation in exchange for an act by the other party, creating a binding agreement once the act is performed.

Revocable Offer

An offer that can be withdrawn by the offering party before it is accepted by the offeree, typically within a certain time frame.

Unilateral Offer

An offer made by one party where acceptance is performed through an action rather than a promise of action.

Construct

A construct is an abstract idea or concept constructed by combining different elements of knowledge, often used in various fields such as psychology and sociology.