Examlex
When Sony introduced the world's first high-definition television to the Japanese market in 1990, it was priced at $43,000. This helped Sony to scoop the maximum amount of revenue from the various segments of the market. The price dropped steadily through the years-a 28-inch Sony HDTV cost just over $6,000 in 1993, but a 40-inch Sony HDTV cost only $600 in 2010. What pricing strategy did Sony use here?
Information Superficially
The act of understanding or processing data on a basic or shallow level, without engaging in deep analysis or comprehension.
Incubation Effect
A phenomenon in problem-solving where taking a break from conscious thought allows for unconscious processing, potentially leading to insights or solutions.
Unconscious-Processing
Cognitive processing that occurs without conscious awareness, influencing perceptions and decisions without our explicit knowledge.
Problem-Space
The set of all possible states or configurations that can be reached in solving a problem or achieving a goal.
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