The statement that the two goals of consumers are to maximize profits and decrease expenses is false. Consumers aim to maximize their utility or satisfaction from the goods and services they consume, taking into account factors such as quality, price, convenience, and personal preferences.
False
The statement that the two goals of consumers are to maximize profits and decrease expenses is false. While businesses may have the goal of maximizing profits, consumers typically aim to maximize their utility or satisfaction from the goods and services they consume. This can involve factors such as quality, price, convenience, and personal preferences.
Consumers do seek to minimize expenses, but this is not their primary goal. They may prioritize value for their money and seek to find the most affordable options, but their main focus is on obtaining products and services that meet their needs and preferences.