The Just World Hypothesis Refers to

question 12

Multiple Choice

The just world hypothesis refers to

• A) the belief that positive events are more likely than negative events.
• B) the belief that people get what they deserve and deserve what they get.
• C) a tendency to blame our own failures on external events.
• D) a tendency to expect the best of people we care about.

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Definitions:

Product's Price

The amount of money charged for a product or service, determined by various factors including cost of production, market demand, and competition.

Flexible Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's variable costs, allowing flexibility in pricing.

Pricing Strategies

Tactics used by companies to determine the best price points for their products or services in order to maximize profits and market share.

Rigid Cost-plus Pricing

A pricing strategy where a fixed percentage is added to the total cost of producing a product to determine its selling price, without flexibility for market changes.