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Questions and Answers
Consumerism refers to the selling of goods and services only
Consumerism refers to the selling of goods and services only
False (B)
Consumerism impacts the economy but not personal preferences
Consumerism impacts the economy but not personal preferences
False (B)
Trading involves the exchange of goods or services between three parties
Trading involves the exchange of goods or services between three parties
False (B)
Personal taste is influenced by factors such as culture and exposure to marketing
Personal taste is influenced by factors such as culture and exposure to marketing
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Personal taste is objective and does not vary from person to person
Personal taste is objective and does not vary from person to person
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Study Notes
Consumerism and Economy
- Consumerism involves more than just the selling of goods and services, it has a broader impact on the economy and society.
Personal Taste and Influences
- Personal taste is influenced by factors such as culture and exposure to marketing, making it subjective and varying from person to person.
Trading and Parties Involved
- Trading typically involves the exchange of goods or services between two parties, not three.
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