Explain the term "hedonic adaptation."

What will be an ideal response?


Hedonic adaptation basically means that the consumer maintains a fairly stable level of happiness.

Business

You might also like to view...

The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business

a. True b. False Indicate whether the statement is true or false

Business

Which of the following allows the user to define a query with greater precision by using operators such as AND, OR or NOT?

A) Forms-based searches B) Hashtags C) Natural language searches D) Boolean searches E) Keyword searches

Business

Managers practicing __________ view the cost of compliance as a(n) __________

a. value-based compliance management, investment rather than an expense b. strategic compliance management, investment rather than an expense c. resource-based management, expense rather than an investment d. strategic-based risk management, investment rather than an expense

Business

Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 69, 79, 84, 6, 37, and 39?



A. 13
B. 9
C. 10
D. 11

Business