The Propinquity Effect Is The

question 27

Multiple Choice

The propinquity effect is the:

• A) tendency to like those who like us.
• B) increased likelihood of forming relationships with the people who are physically close by.
• C) sensitivity to rejection.
• D) the need to seek out social connections.

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Definitions:

Demand Curves

A graphical representation showcasing the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.

Over-Differentiated Products

Products that have too many variations or features, potentially confusing customers and reducing sales.

Differentiated Goods

Products that are distinguished from others on the basis of quality, brand, design, or some other characteristic, making them unique from competitors’ offerings.

Product Standardization

The process of adopting uniform characteristics for a product or its components, often to ensure consistency and compatibility.