Customers Share Their Experiences About Retailers and Products,which Is the Fastest

question 19

Multiple Choice

Customers share their experiences about retailers and products,which is the fastest and most widely spread:

• A)Blogs
• B)Conversations with family
• C)Conversations with friends
• D)Email

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Definitions:

Budget Constraint

The limitations on the consumption choices of an individual or family based on their income and the prices of goods and services.

Hamburgers

A popular food item typically consisting of a cooked patty of ground meat placed inside a sliced bun.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Budget Constraint

The limit on the consumption bundles that a consumer can afford given their income and the prices of goods and services.