A Set of Business Activities That Add Value to Products

question 66

Multiple Choice

A set of business activities that add value to products and services sold to consumers for their personal use is called:

• A)licensing.
• B)manufacturing.
• C)advertising.
• D)retailing.
• E)reselling.

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Definitions:

Social Psychology

Social psychology is the scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Violent Revenge

Actions taken with the intent of causing harm or injury in response to a real or perceived wrongdoing.

Confederates

Individuals who appear to be participants in an experiment but are actually working for the researcher, used to manipulate social interactions within the study.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, expectations, or pressures.