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Relational Goods: Definition & Explanation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The basis of relational goods is _____ experience.

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1. Relational goods could include all of the following EXCEPT which?

2. What happens to the value of a product when relational goods are realized as the result of group consumption?

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About This Quiz & Worksheet

Evaluate your knowledge of relational goods with this quiz and worksheet. In addition to understanding what they are, you should be able to identify examples of relational goods.

Quiz & Worksheet Goals

You'll be quizzed on the following:

  • The basis of relational goods
  • What relational goods could include
  • The value of a product when relational goods are realized due to group consumption
  • An example of a relational good
  • The definition of 'relational goods'

Skills Practiced

  • Making connections - use what you've learned to make connections between relational goods and group consumption
  • Interpreting information - verify that you can read information about the basis of relational goods and interpret it correctly
  • Information recall - access the knowledge you've gained about what relational goods could include

Additional Learning

Learn more about this topic with the lesson titled Relational Goods: Definition & Explanation. Here are examples of what's in this lesson:

  • An overview of relational goods
  • Scenarios involving relational goods
  • The nature of relational goods
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