The Familiarity Effect Is the Tendency of People To

question 85

Multiple Choice

The familiarity effect is the tendency of people to:

• A) be unable to distinguish between actual experiences and what they have been told.
• B) believe that a statement is true simply because it has been repeated a number of times.
• C) feel more positive toward a person, item, product, or other stimulus that they have seen often.
• D) overestimate their abilities to have predicted an event once the outcome is known.

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Definitions:

Freshness

The quality of being recently made or obtained, which is especially important in the context of perishable goods.

Artisanal Bread

Bread that is crafted in small batches using traditional methods and often featuring high-quality, locally sourced ingredients.

Volume Based

This phrase pertains to pricing, costs, or metrics that change according to the volume of goods produced or sold.

Price Discount

A reduction from the usual cost of an item or service to encourage purchase.