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Discuss some of the reasons why people are not very accurate when it comes to explaining their own behavior, and the behaviors of others, in their day-to-day lives. Include reference to the ideas of a priori causal theories and confirmation bias. What are some examples from your own life that support the idea that people often don't understand the true causes of their behavior?
Price Increases
Adjustments made by a company to the selling prices of its products or services, typically to respond to inflation, increased production costs, or to improve profit margins.
Highly Differentiated
Describes products or services that are unique and stand out from those of competitors due to distinctive features or attributes.
Necessity
A requirement or urgent need for something essential or indispensable.
Slotting Allowances
Fees paid by a vendor or manufacturer to a retailer to secure shelf space for their products.
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