The Process of Selecting One Sensory Channel and Ignoring or Minimizing

question 4

Multiple Choice

The process of selecting one sensory channel and ignoring or minimizing others is called

• A)selective perception.
• B)selective attention.
• C)perceptual set.
• D)selective processing.

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Definitions:

Peak-Load Pricing

Pricing strategy that involves charging higher prices during peak times when demand is higher and resources are more constrained.

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different segments of customers based on their willingness to pay.

Second-Degree Discrimination

A pricing strategy where prices are varied depending on quantity sold, such as bulk discounts, or according to product versions.

Peak-Load Pricing

Peak-load pricing is a strategy that involves charging higher prices during periods of high demand and lower prices during periods of low demand to manage usage and balance supply and demand.