The satisfaction that consumers derive from their purchases is commonly referred to as "consumer satisfaction." This concept reflects how well a product or service meets or exceeds consumer expectations, influencing their overall experience and likelihood of repeat purchases. High consumer satisfaction can lead to brand loyalty and positive word-of-mouth, while low satisfaction can result in negative feedback and decreased sales.
Utility.
By the purchases they make
By the purchases they make.
The set of alternatives to which consumers are indifferent is known as the "indifference curve" in economics. This curve represents different combinations of goods that provide the same level of utility or satisfaction to the consumer. Points along the curve indicate that the consumer has no preference for one combination over another, as they yield equal satisfaction. Thus, consumers are indifferent among these alternatives.
This one, I've tried both and ask is a known magnet for trojans.
No, or not known.
consumers can make their desires known through their economic dealings with producers
When someone chooses to purchase one item over another because it is cheaper, it is known as the "substitution effect." This economic principle describes how consumers will substitute a less expensive option for a more expensive one to maximize their utility while minimizing costs. It highlights the behavior of consumers in response to changes in prices among similar goods.
Cnidarians are known only to consume fish for their dietary needs for survival. These animals are known as carnivorous consumers.
Like most sharks, duskies eat mainly fish, but have been known to bite humans.
Producers
Good will is considered to be a intangible asset. Items that would be listed as good will are patents or the company's name. A company's brand name is worth a lot if the company is known as a good one. Many consumers make purchases based on brand name.