Madame Tussaud's Wax Museum Is a Popular Tourist Attraction

question 17

Multiple Choice

Madame Tussaud's wax museum is a popular tourist attraction.The museum charges higher entry rates for tourists compared to locals.This form of price discrimination is known as ________.

• A)customer-segment pricing
• B)image pricing
• C)location pricing
• D)special customer pricing
• E)special event pricing

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Definitions:

Stimulus-Response Models

A framework in behavioral psychology where a specific stimulus leads to a particular response, emphasizing the predictable link between stimuli and reactions.

Expectancy-Value Theory

A psychological theory that explains how the motivation to engage in a behavior is influenced by the individual's expectation of success and the value they place on the success.

Motivated Behaviors

Actions that are initiated, guided, and maintained to fulfill a need or to achieve a particular goal.

Previous Goals

Objectives or desired outcomes that an individual or group has aimed for in the past.