Which of the following defines consumption?
A) It is the number of times a product or service is consumed in a given time period.
B) It is the process that converts time, goods, ideas, or services into value for customers.
C) It is the tendency for expectations to guide performance perceptions.
D) It is the degree to which something seems genuine and part of history.

Question

Quizplus · Accepted Answer

Consumption refers to the process of using goods and services to satisfy needs or wants, which inherently involves converting these goods, services, ideas, or time into value for the consumer.

Which of the Following Defines Consumption