The process by which people acquire the skills, knowledge, and attitudes necessary to function as consumers is consumer socialization.

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This statement is true. Consumer socialization refers to the process by which individuals acquire the skills, knowledge, and attitudes necessary to function as consumers in their society. This process starts from a young age, often through interactions with parents, peers, and media, and continues throughout a person's life. It can shape consumer behaviors, preferences, and attitudes towards marketing and advertising.

The Process by Which People Acquire the Skills, Knowledge, and Attitudes