Which of the Following Is True of a Psychosocial Consequence

question 116

Multiple Choice

Which of the following is true of a psychosocial consequence?

• A)They are concrete outcomes of products.
• B)They are intangible in nature.
• C)They are directly experienced by consumers.
• D)They lack subjectivity.
• E)They are highly impersonal.

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Definitions:

Total Saving

The portion of total income that is not consumed or spent, instead being reserved for future use or investment.

Induced Consumption

Consumer spending that increases when income increases, and decreases when income decreases, not including autonomous consumption that doesn’t change with income.

Disposable Income

Financial capacity reserved for household spending and savings after navigating through income tax deductions.

Autonomous Consumption

The level of consumption expenditure that occurs when income levels are zero, representing the base level of spending that must occur even in the absence of income.