Consider the following statements to determine which one accurately describes the concept of consumer ethnocentrism.
A)a belief by residents of a country that the goods and services they produce are superior to that of other countries
B)a belief that the world's goods and services should be distributed fairly by all nations
C)a belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods or services
D)a measure of how optimistic consumers are about the overall state of the economy and their own personal finances
E)a measure of the amount of goods and services that can be purchased based on the currency exchange rate

Question

Quizplus · Accepted Answer

Consumer ethnocentrism refers to the belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods or services. It is a form of cultural bias where people value products made in their own country more highly than those made in other countries.

Consider the Following Statements to Determine Which One Accurately Describes