Consumerism Refers to

question 65

Multiple Choice

Consumerism refers to

• A) a movement of conspicuous consumption that began when World War II ended.
• B) conducting business in a way that protects the natural environment while making economic progress.
• C) a collaborative effort between buyers and sellers to create an exchange where each benefit.
• D) the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
• E) the grassroots movement started in the 1960s to increase the influence, power, and rights of consumers in dealing with institutions.

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Definitions:

Implied Terms

Provisions not expressly stated in a contract but assumed to exist based on the nature of the agreement and the parties' intentions.

Contractual Claim

A contractual claim arises when one party alleges that another has failed to fulfill their obligations under a contract.

Retail Sale

The selling of goods or services from businesses directly to consumers.

Exemption Clause

An attempt to limit liability under an agreement (also called an exclusion or exculpatory clause).