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Cognitive Economy Serves an Adaptive Function for Humans but Does

question 7

Essay

Cognitive economy serves an adaptive function for humans but does so at a price.Discuss the benefits and potential liabilities of cognitive economy.


Definitions:

Market Segment

A distinct group of potential consumers who share similar needs, desires, and characteristics, targeted by businesses for marketing campaigns.

Cost-based Pricing

Setting the price of a product or service based on the cost of production and distribution plus a markup for profit.

Market Penetration

A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.

Growth Strategy

Plans developed by an organization to increase its size, revenue, market share, or competitive position.

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