Consumers seek <u>convenience products</u> because they can be easily, quickly, and frequently purchased.
<h3><u>What are convenience products?</u></h3>
Convenience goods are regularly and hastily purchased by consumers without much thought or emotion. Gas, candy, magazines, newspapers, and magazines are among the most often used types of convenience goods.
These items typically have a base price that doesn't differ significantly from store to store. In other words, unless the price is far more than expected, the consumer won't give it any thought.
<u>For instance, </u>someone would not be alarmed if they went to buy a gallon of milk and the price was $3. However, someone would be surprised if they went to buy a gallon of milk and were charged $10–$15 for it.
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Answer:
the bystander effect.
Explanation:
According to the bystander effect one is less likely to help a person when there number of people in the vicinity is high.
The reasons why this happens is due to three factors, diffusion of responsibility, ambiguity and behaving according to social norms.
- Diffusion of responsibility
When there are a lot of people around one might think that someone else will take the responsibility of taking action. This may happen as one might think that someone else might be better suited to handle the situation
If the situation is not clearly understood by the bystander then they will be less likely to help.
One might think if they would help it would be going against the social norms and hence hesitate to do so.
Here, Mr. Hughes has decided not to help because of the diffusion of responsibility.
Hence, his reaction illustrates the bystander effect.
The key considerations that should be considered when identifying hazards that are associated with the civil considerations factor of the METT-TC are the following;
• Religious events that may take place or taking place
• Pedestrians present in the market
• Riots or demonstrations
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Answer:
Consumer equilibrium refers to a scenario in which a consumer derives maximum happiness from the consumption of one (or more) things with his current income and price, and has no desire to change.
Explanation:
