Consumer Behaviour Is the Set of Value-Seeking Activities That Take

question 53

True/False

Consumer behaviour is the set of value-seeking activities that take place as people go about addressing needs.

---

Definitions:

Discount Date

The date on which a bill or note is paid before its maturity, resulting in a deduction from the nominal amount, known as a discount.

Complement Rate

In insurance, it refers to the percentage of coverage that an insurance company does not cover under a coinsurance clause; effectively, it is the portion of the cost that the policyholder must pay after insurance.

Discount Date

The deadline by which a payment must be made to avail of a cash discount for early payment.

Due Date

The specific day by which a payment, project, or assignment is required to be completed or submitted.