When Individuals Do Not Have Complete Information or Lack the Ability

question 4

Multiple Choice

When individuals do not have complete information or lack the ability to understand or judge the quality of the good they seek to purchase, there is:

• A) goal displacement.
• B) resource dependency.
• C) information asymmetry.
• D) consumer ignorance.

---

Definitions:

Completion Step

The final phase in a process or project where all necessary tasks are concluded and the project is considered finished.

Instant Messaging

A form of real-time digital communication that allows users to send text messages and media instantly over the internet.

Enterprise Messaging Systems

Communication platforms used within organizations to facilitate messaging and collaboration among employees.

Messaging

Category of communication system in which users’ messages appear on each other’s screens instantly, without the need to be opened individually, as with email; includes phone-based text messaging, conventional instant messaging, and workplace messaging.