Identify whether the following statements regarding consumer…
Identify whether the following statements regarding consumer behavior are True or False. Statement 1: Consumer behavior is dynamic. Most recently, the COVID -19 pandemic has had a major disruptive effect on the habits and the priorities of most consumers. Statement 2: Consumer behavior does not necessarily reflect the action of a single person. Statement 3: Consumer behavior involves only acquisition decisions. The consumer decides why, when, where, how much, and how often to buy an offering.