Consumer Behaviour Theorists Have Found That Consumers Only Buy Products

question 31

True/False

Consumer behaviour theorists have found that consumers only buy products and services for what the products /services do.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Prestige

The respect, admiration, or high regard accorded to an individual or institution, based on perceived success, abilities, or quality.

Social Status

The position or rank of a person or group within the societal hierarchy, often determined by wealth, occupation, or family lineage.

Minimum Wage

The lowest legal salary that employers can pay their employees, established by government laws to ensure a basic living standard for workers.