_____ refers specifically to how people act when buying products for their own personal consumption.
A) Segmentation
B) Crowdsourcing
C) Consumer behavior
D) Utility maximization

Question

Quizplus · Accepted Answer

Consumer behavior refers specifically to how people act when buying products for their own personal consumption. Segmentation refers to dividing a larger market into smaller groups based on common characteristics, while crowdsourcing is the practice of obtaining input or funding from a large group of people, often through online platforms. Utility maximization refers to the goal of maximizing the satisfaction or benefit received from consuming goods or services.

_____ Refers Specifically to How People Act When Buying Products