0
A CHOICED CONSUMER IS ONE WHO KNOWS HIS OPTIONS AND CHOOSES RESPONSIBLY. Consumer choice is a theory of Microeconomicsthat relates Preferencefor consumption Good_(economics) and services to consumption expenditures and ultimately to Supply_and_demand. The link between personal preferences, consumption, and the demand curve is one of the most closely studied relations in economics. Consumer choice theory is a way of analyzing how consumers may achieve Equilibrium_(economics) between preferences and expenditures by maximizing Utilityas subject to consumer Budget_constraint.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What does consumer behavior mean?
what are the important of consumer behaviour to the shopping
What is captive sales?
Captive sales are when a consumer, for some reason, has no choice but to buy from a specific manufacturer or retailer. For example, people on a cruise ship are a captive market.
What is customized pricing?
Perhaps you mean CONSUMER price index, which is a tool to measure changes in the price level of consumer goods and services purchased by households in a given country.
What does loyalty mean in a business context?
LOYALTY means that a consumer choses to use again and again the same product, the same brand. A consumer who is loyal to a brand is not willing to change it with a competitor brand.
Consumer knowledge as consumer behaviour function?
consumer knowledge
Is health insurance reimbursement for alternative medicine increasing consumer choice or simply a matter of providing less expensive healthcare treatments?
Say what?! Increase consumer choice? Holler, why would anybody increase consumer choice in the first place?!
How is consumer choice important in agriculture?
Consumer choice is important in agriculture because it helps in providing timely responses to unfolding markets to farmers.
Is Consumer Cellular a good cell phone choice?
If you are wondering if a consumer cellular is a good cell phone choice because you are tired of the expensive cell phone bills and contracts, then yes. It is a good cell phone choice.
What is the purpose of free enterprise?
to give the consumer freedom of choice
What does consumer rights mean?
What does consumer rights mean? Answer soon! -Thanks!
Does carnivore mean meat-consumer in Latin?
Yes. Carnivore does mean meat-consumer in Latin.
What are consumer taste and preferences?
Consumer preference refers to listing alternatives based on several ratings until they result in a choice. Consumer taste refers to what consumers like to buy.
Does herbivore mean plant-consumer in Latin?
Yes. Herbivore does mean plant-consumer in Latin.
Does aquavore mean water-consumer in Latin?
Yes. Aquavore does mean water-consumer in Latin.
What does consumer behavior mean?
what are the important of consumer behaviour to the shopping
What are the benefits of using Catalog Choice's service?
The benefit of using Catalog Choice services is that they protect consumer privacy. From their portal one can access consumer preferences. One can also control their brand's preference for mailers and telephone directories.
What is the government choice between making military goods and consumer goods?
guns or butter
