Kurt Lewin's Theory of Consumer Behavior Asserts That Consumer Behavior

question 168

Multiple Choice

Kurt Lewin's theory of consumer behavior asserts that consumer behavior is a function of personal factors and their interaction with:

• A)perceptual forces.
• B)learning.
• C)innate attitudes.
• D)interpersonal influences.

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Definitions:

Safety Stock

Inventory kept on hand to protect against stockouts caused by variations in supply and demand.

Lead Time

The total time that elapses from the initiation of a process or order until its completion, often used in manufacturing and project management to measure efficiency.

Ohno's Seven Wastes

A foundational concept in lean manufacturing, identifying seven types of waste to eliminate: overproduction, waiting, transport, over-processing, inventory, motion, and defects.

Distance Reductions

A strategy aimed at minimizing the distance traveled during manufacturing or supply chain operations to enhance efficiency and reduce costs.