Consumer Culture Quiz

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Questions and Answers

Consumerism refers to the selling of goods and services only

False (B)

Consumerism impacts the economy but not personal preferences

False (B)

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

<p>True (A)</p> Signup and view all the answers

Personal taste is objective and does not vary from person to person

<p>False (B)</p> Signup and view all the answers

Flashcards

What is Consumerism?

The belief that it is good to buy and use a lot of goods and services.

Does Consumerism affect personal taste?

Consumerism impacts both the economy and personal preferences.

How many parties in trading?

Trading involves the exchange of goods or services between two parties, not three.

What influences taste?

Personal taste is influenced by factors such as culture and exposure to marketing.

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Is taste objective?

Personal taste is subjective and varies 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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