What Is the Consumer Product Classification System Based On

question 172

Multiple Choice

What is the consumer product classification system based on?

• A) the physical attributes of the product
• B) the amount of effort consumers spend to acquire the product
• C) how the market is segmented
• D) the way the products are manufactured

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Definitions:

Relearning

The process of learning material or skills that were once learned and then forgotten.

Retention

The ability to store and recall information or experiences over time.

Recency Effect

A cognitive bias that predisposes individuals to remember the most recently presented information better than information presented earlier.

Phi Phenomenon

An optical illusion wherein stationary objects shown in rapid succession, separated by short intervals, appear to be moving.