The Idea That If Enough Consumers Cut Back on Their

question 61

Multiple Choice

The idea that if enough consumers cut back on their use of a product it induces other consumers to do the same is referred to as

• A) positive market feedback.
• B) non-dynamic market feedback.
• C) negative market feedback.
• D) elicit market feedback.

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Definitions:

Trust

Confidence or reliance on the character, ability, strength, or truth of someone or something.

Cognition-based

Trust or attitudes that are built on the foundation of one's knowledge, reliability, and perceived competence of another party.

Withhold Judgment

An approach where one refrains from forming or expressing opinions or conclusions before obtaining full understanding or all necessary information.

Trust

The belief in the reliability, truth, ability, or strength of someone or something, fostering collaboration and communication.