Asked by Sylvanna Riazzo on Jul 06, 2024

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List the four assumptions about consumers that are used with the theory of consumer behavior.

Consumer Behavior

The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences.

Assumptions

Pre-established beliefs or statements taken as true without proof, used as foundational elements in theories, models, and analyses to simplify complex realities.

  • Depict the foundational beliefs that support the theory of consumer behavior.
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KS
Kennedy SettjeJul 09, 2024
Final Answer :
The four assumptions about consumers are (1)rational behavior, (2)preferences, (3)budget constraint, and (4)prices.