Consumers strive to maximize their satisfaction given available resources.

Name: Consumers strive to maximize their satisfaction given available resources.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

This statement is true according to the principles of consumer behavior. Consumers typically make choices that maximize their utility or satisfaction based on their income, preferences, and the goods and services available in the market.

Consumers Strive to Maximize Their Satisfaction Given Available Resources