Acquiring the Skills Needed to Function in the Marketplace Is

question 6

Multiple Choice

Acquiring the skills needed to function in the marketplace is called the _____ process.

• A) consumer socialization
• B) consumer education
• C) caveat emptor
• D) needs-focus

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Definitions:

Security Needs

The requirements essential for an individual's or organization's safety, protection, and freedom from threats or harm.

Esteem Needs

In Maslow's hierarchy of needs, these are the fourth level and represent the human desire for respect, self-esteem, and recognition from others.

Physiological Needs

Basic physical requirements for human survival, such as food, water, shelter, and oxygen, which are considered the foundation of Maslow's hierarchy of needs.

Affiliation Needs

The psychological requirement for friendship, acceptance, and belonging within a group or community.