Environmental Elements Are Categorized as External Factors That Affect Pricing

question 14

True/False

Environmental elements are categorized as external factors that affect pricing decisions.

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Definitions:

Alfred Bandura

A psychologist known for his work on social cognitive theory and the concept of self-efficacy, as well as his study on observational learning demonstrated through the Bobo doll experiment.

Positive Punishment

Adding an unfavorable outcome or event following an undesired behavior to decrease the likelihood of that behavior occurring again.

Urinates

The act of discharging urine from the body.

Token Economy

A form of behavior modification designed to increase desirable behavior and decrease undesirable behavior with the use of tokens.