______________ Is a Model of Motivation That Explains How People

question 16

Multiple Choice

______________ is a model of motivation that explains how people strive for fairness and justice in social exchanges or give-and-take relationships.

• A)Esteem theory
• B)Equity theory
• C)Hygiene theory
• D)Expectancy theory
• E)Goal-setting theory

Understand the implications of changes in income and prices on consumer equilibrium.

Recognize the role of time and opportunity cost in consumer behavior.

Explain the diamond-water paradox and the importance of marginal utility in determining price.

Analyze the impact of external factors (e.g., pricing strategies, technological advancements) on consumer preferences and demand.

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Definitions:

Product Lines

A group of related products under a single brand that are offered by a company to its target market.

Extensive Assortment

A wide variety and choice of products offered by a retailer, aimed at catering to diverse consumer needs and tastes.

Distribution Policies

The strategies and rules set by a company to control the distribution and sale of its products through various channels.

Selling Agents

Individuals or companies that act on behalf of sellers to market and sell their products or services.