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Sometimes a Rise of Only 10 Percent in Consumer Demand

question 126

Multiple Choice

Sometimes a rise of only 10 percent in consumer demand can cause as much as a 200 percent rise in business demand for products for the next period. This is an example of ________.


Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values at the same time.

Displays

Gestures that are used like nonverbal punctuation marks, such as pounding your fist on the table.

Facial Expressions

The movements or positions of the face that convey emotions, intentions, or reactions, serving as a powerful form of nonverbal communication.

Grapevine

A network within the informal organization that communicates incomplete, but usually somewhat accurate information.

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