What Is It Called When You Build Human Relationships and Trust

question 36

Short Answer

What is it called when you build human relationships and trust through exchanges of favors based on reciprocity?

---

Definitions:

Consumer Ignorance

A situation where consumers lack necessary information about products or services, which can affect their buying decisions and market outcomes.

Inelastic Demand

A situation where the demand for a product does not significantly change in response to changes in its price.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market involves variations in quality, features, or design.

Incentives

Motivators or rewards designed to encourage specific actions or behaviors by individuals or organizations.