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Tick Tock,a small retailer of a quality alarm clock,sells its product based on a 35% markup of cost.If the firm's product costs are approximately $133,what is the selling price?
Outgroup Homogeneity Bias
The assumption that outgroup members are more similar to one another than ingroup members are to one another.
Outgroup Homogeneity Bias
The perception that individuals outside one's own group are more similar to each other than they really are.
Outgroup Members
Individuals who are perceived as not belonging to one's own group, often defined in contrast to ingroup members, and may be subject to differing treatment or biases.
Outgroup Homogeneity Effect
A psychological phenomenon in which an individual perceives members of a group to which they do not belong as being more similar to each other than they actually are.
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