Consumer sovereignty is the notion that people are only as rational as their limited resources, knowledge, and time will permit.

Name: Consumer sovereignty is the notion that people are only as rational as their limited resources, knowledge, and time will permit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumer sovereignty is the idea that consumers have the ultimate control over the goods and services produced by choosing what to purchase, and their preferences and spending decisions guide the types of products that are produced.

Consumer Sovereignty Is the Notion That People Are Only as Rational