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Consumer Ability is resources to act;
Product knowledge and experience, cognitive style, complexity of information, intelligence, education, and age, and money
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What is the definition of consumer protection council?
A body that protects consumer rights.
What is the definition for the consumer?
The consumer in the modern sense is the customer who buys products and keeps the economy running.
What is the definition of intermediate consumer?
A person or organization who buys something with the intent of re-selling it is an intermediate consumer.
What is quantitative ability?
Quantitative ability is the ability to solve mathematical and numerical calculations. Quantitative ability includes graph analysis, arithmetic reasoning, and table and percentage analysis.
What is the root word of consumer mean?
The root word of consumer is consume, meaning 'to use up, engulf or exhaust.'
What allows someone to be a consumer?
A person who is a consumer is simply someone who uses their willingness and ability to purchase and use goods or services.
What is the consumer's ability and desire to buy goods and services called?
demand
What is the desire of the consumer to have something backed up with willingness and ability to pay for it?
Supply
How important is hire purchase to the consumer?
Hire purchase is important because it gives a consumer with less financial ability,the privilege of owning goods with less money.
What is ordinal approach to the theory of consumer behavior?
ordinal approach to the theory of consumer behaviour is consumer's ability to rank his preference for various combination of products. It uses Indifference curve to analyse these preferences.
What influence on consumer behavior is similar to peer pressure?
In both cases what plays out is choice. Both in consumer and in peer pressure, the customer and the person has the ability to choose what is presented to him or her.
What is meant of consumer equilibrium?
consumers ability to have equal choices Added: Where a consumer makes choices about how much of a number of goods they will consume to maximise their total satisfaction (Utility).
What two things are necessary for a consumer to have demand for a good or service?
The desire for a good or service with the ability to pay for it.
How does learning ability affect consumer behaviour?
it takes ages for the old aged people to understand technlogy.
What has the author Beverly Louise Keeler written?
Beverly Louise Keeler has written: 'Consumer's ability to understand and apply food label information' -- subject(s): Food, Consumer behavior, Labeling
Is shrimp a primary producer?
Shrimp is not a primary producer but a primary consumer. Primary producers are the organisms that have the ability to make food.
He key to the new consumer economy of the1920s was the avilailability and use of?
The key to the new consumer economy of the1920s was the availability and use of the automobile because of increased tourism and ability to travel far for work, shopping, and recreation.
