Consumer Socialization Refers to

question 19

Multiple Choice

Consumer socialization refers to

• A)the process by which people learn the etiquette of shopping, returning merchandise, filing complaints, etc.
• B)the process by which people select the type of retailer that complements their VALS profile (Target vs.Bloomingdales).
• C)the process by which people acquire the skills, knowledge, and attitudes necessary to function as consumers.
• D)the process by which people discover the differences between firms offering similar products or services.
• E)the process by which people tend to choose national chains over independently owned retailers because higher perceived risk.

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Definitions:

UCC

A vast array of regulatory provisions for commercial transactions in the United States is constituted within the Uniform Commercial Code.

Incidental Beneficiaries

Third parties who might benefit from a contract incidentally but have no enforceable rights in that contract.

Intended Third-Party Beneficiaries

Individuals or groups not directly involved in a contract who are nevertheless intended by the contracting parties to benefit from the contract's performance.

Creditor Beneficiaries

Individuals or entities that benefit from a contract made between two other parties, particularly in their capacity to receive a debt payment.