An Item Has Utility for a Consumer If It

question 59

Multiple Choice

An item has utility for a consumer if it

• A)is scarce.
• B)has a high price.
• C)is something everyone else wants.
• D)generates enjoyment or satisfaction.

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Definitions:

Frederick Herzberg

An American psychologist known for introducing the two-factor theory of motivation, emphasizing the role of motivator and hygiene factors in job satisfaction.

Job Enrichment

A job design technique that is aimed at increasing employee satisfaction by adding more meaningful tasks and giving them more control over their work.

Growth-Need Strength

The degree to which individuals require growth, personal accomplishment, and development within their job to feel satisfied.

Job Characteristics Model

A theory that proposes that the design of jobs can impact employee motivation, satisfaction, and performance, focusing on five core job characteristics.