Compare and Contrast Cardinal Utility and Ordinal Utility

question 16

Essay

Compare and contrast cardinal utility and ordinal utility.Which concept is sufficient for ranking consumers' preferences? Why?

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Definitions:

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A South African cream liqueur made from the fruit of the Marula tree.

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A strategy for managing an organization's interactions with current and potential customers, often involving the use of technology to organize, automate, and synchronize sales, marketing, customer service, and technical support.

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The knowledge and understanding of how social media works and its impact on society.

Customer Service

Assistance and support provided by a company to those people who buy or use its products or services.