Consumerism Refers to

question 1

Multiple Choice

Consumerism refers to

• A)a movement of conspicuous consumption that began when the 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.

Identify factors that can lead to aggressive behavior in children.

Analyze errors in social information processing and their impact on behavior.

Recognize the importance of a positive racial or ethnic identity in promoting self-esteem among minority groups.

Compare Freud's theory of personality development to explanations of moral choices.

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Definitions:

Demand-oriented

Refers to pricing strategies that are based on the consumer's demand for a product or service.

Prestige Pricing

A pricing strategy where goods are priced higher than their objective market value to give them an appearance of luxury and quality.

Price Lining

is a pricing strategy where products are sold at a limited number of price points, each representing a distinct level of quality or features.

Odd-even Pricing

A pricing strategy involving setting prices so they end in an odd or even number to influence perception of value.