The Best Way for a Manager to Use Verbal Persuasion

question 20

Multiple Choice

The best way for a manager to use verbal persuasion is through the ________, a form of self-fulfilling prophecy in which believing something can make it true.

• A) Pygmalion effect
• B) Electra complex
• C) framing effect
• D) anchoring bias
• E) confirmation bias

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Definitions:

Price Inelastic

A situation in which the demand for a product does not change significantly in response to a change in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a specific price in a given time period.

Electricity

A form of energy resulting from the existence of charged particles, commonly used for power and lighting.

Quantity Demanded

represents the total amount of a product or service consumers are willing and able to purchase at a given price level, within a specific time period.