Path Dependence Is

question 10

Multiple Choice

Path dependence is

• A)where you are today, with all your knowledge, being a result of how you got here.
• B)the opposite: you could have got to today's position a hundred different ways.
• C)total reliance on one's own history.
• D)a way of planning the careers of future CEOs.

Grasp the various types of consumer decision-making processes and the factors that influence them, including levels of involvement.

Appreciate the significance of attitudes in consumer behavior, including their components and how they guide actions.

Recognize situational factors affecting consumer decisions and the role of the temporal state in purchasing behavior.

Distinguish between functional and psychological needs and how products and services cater to these needs.

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Definitions:

Cognitive Development

The process by which a person's ability to think, understand, and interact with the world develops through childhood into adulthood.

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly for his theory of cognitive development.

Blank Slate

A metaphorical term referring to the mind in its presumed original state unaffected by outside influences.

Accommodation

In cognitive psychology, the process of modifying existing mental frameworks to incorporate new information.