Asked by Alexander Sanchez on Jun 28, 2024
Verified
Many consumers today are feeling time compression, leading them to select products that will alleviate time pressure. In consumer psychology terminology, this phenomenon is called ____.
A) time poverty
B) the commons dilemma
C) polychronic poverty
D) time shrinkage
Time Poverty
A feeling of having less time available than is required to meet the demands of everyday living.
Time Compression
The phenomenon of perceiving time as moving faster, often as a result of being busy or engaged in complex, absorbing activities.
- Comprehend the role of external conditions in influencing consumer perception and choices.
Verified Answer
AK
Aleyna KokogluJul 04, 2024
Final Answer :
A
Explanation :
Time poverty is the correct term used to describe the phenomenon where consumers feel they have less time available and thus prefer products or services that help save time or reduce the feeling of being rushed.
Learning Objectives
- Comprehend the role of external conditions in influencing consumer perception and choices.
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