Some Consumer Purchasing as an End In Itself

Is some purchasing by consumers considered an end in itself, such as when it is done to escape boredom?

False

Explanation:

Some consumer purchasing, such as 'retail therapy' or shopping to alleviate boredom, can be considered an end in itself. This means the act of buying itself brings satisfaction and is not necessarily related to the utility of the item being purchased. The statement is true.

Explanation: The statement 'some purchasing by consumers is an end in itself, for example, when it is done to escape boredom' is true. Consumers often engage in what is termed as 'retail therapy', where the act of buying provides its own reward, separate from the utility of the item being purchased. In such cases, the purchase is not driven by a need for the product, but rather by the desire to experience the pleasure or enjoyment of shopping. This can often be a method of coping with stress or boredom.
← How to calculate unit margin for a grocery store The ambiguous effect of an increase in expected real interest rate on desired saving →

More Posts: