Discrepancies of Assortment Happen When

question 395

Multiple Choice

Discrepancies of assortment happen when

• A) producers prefer to produce and sell in large numbers, but consumers prefer to buy and consume in smaller numbers.
• B) consumers may not want to consume goods and services at the time producers would prefer to produce them.
• C) consumers value goods and services in terms of costs and competitive prices whereas producers value them in terms of satisfying needs and ability to pay.
• D) producers specialize in producing a narrow range of goods and services but consumers need a wide variety.
• E) producers hold title to goods and services that they themselves do not want to consume.

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Definitions:

Psychologically

Pertaining to the mind or psychological processes involved in how individuals think, feel, and behave.

Trait Approach

The trait approach to personality is a perspective that suggests individual personalities are composed of broad predispositions, known as traits, which influence consistent patterns of behavior.

Individual Differences

Variations among individuals in their psychological traits, behaviors, and physiological responses.

Great Strengths

Exceptional abilities or attributes in particular areas or disciplines that far exceed average capabilities.