Perspectives from which consumer behavior can be examined

o List two perspectives from which consumer behavior can be examined and define consumer behavior from both perspectives.

o What role does competition play in determining the way in which consumers are treated in the marketplace?

o List three examples of products you have consumed recently that provide high utilitarian value. Likewise, list three examples of items that provided high hedonic value. Think of at least one product or brand that you would associate with both high utilitarian and hedonic value.

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