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The __________ Consists of Everything That Consumers Evaluate When Deciding

question 43

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The __________ consists of everything that consumers evaluate when deciding whether to purchase a good or service.


Definitions:

Market Value Ethics

The ethical considerations surrounding the determination and influence of the market value of goods and services.

Ethical Relativism

A system of ethical thought that says there is no objective or absolute standard of right and wrong.

Michael Sandel

An American political philosopher and professor, known for his writings on justice, ethics, and democracy.

Cost-Benefit Thinking

A system of thought that focuses on the consequences to one person or institution and then weighs the cost against the benefits of performing the action under scrutiny.

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