When Consumers Believe They Have Some Control Over the Outcomes

question 92

Multiple Choice

When consumers believe they have some control over the outcomes of their actions, they generally engage in more search activities.This is called a(n) :

• A)external locus of control.
• B)ritual-based pattern.
• C)external search for information.
• D)internal locus of control.
• E)internal search for information.

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Definitions:

Political Power

The ability to influence or outright control the behavior of people, typically involving the governance of a state, region, or organization.

Ownership of Capital

The possession of capital assets, including tools, buildings, machines, and financial resources, used to produce goods or services.

Social Consciousness

An awareness shared by individuals within a society regarding social issues, injustices, and the need for social change.

Subsidies

Subsidies are financial contributions provided by the government to encourage the production or consumption of a good or service, often to support industries that are considered vital for the national economy.