The act of acquiring the skills needed to function in the marketplace can be called the ____.

Question

Quizplus · Accepted Answer

The process of acquiring the skills and knowledge required for functioning in the marketplace is referred to as consumer socialization process, which involves learning about purchasing decisions, consumption patterns, and marketing practices that are prevalent in society. This learning process is influenced by various socialization agents like family, friends, peers, media, and schools, and it helps individuals develop their consumer identities and roles in society. The other options like consumer education process, customer life cycle, organizational growth cycle, and market-growth process do not specifically refer to the process of acquiring consumer skills and knowledge.

The Act of Acquiring the Skills Needed to Function in the Marketplace