If We Accept "Consumer Satisfaction" as the Objective of Our

question 189

Multiple Choice

If we accept "consumer satisfaction" as the objective of our MACRO-marketing system, this means that:

• A) each consumer should decide how best to satisfy his or her own wants.
• B) government planners should choose the kinds of products to be produced.
• C) "home economists" will be the best judges of what should be produced.
• D) not every consumer should be allowed to decide his or her own wants.
• E) consumer educators should choose what products should be produced.

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Definitions:

Economic Goals

The objectives that guide the economic decisions and policies of individuals, businesses, and governments, typically including growth, stability, and equity.

Neoliberalism

A political and economic philosophy advocating for free-market capitalism, deregulation, and a reduction in government spending.

Material Goals

Objectives or aims that are focused on acquiring physical or financial assets and wealth.

Neoliberal Economic Theories

A set of economic principles advocating for free markets, privatization, deregulation, and a reduced role of the state in the economy.