Common Judgment Traps Include

question 29

Multiple Choice

Common judgment traps include:

• A) Group think, judgment triggers, and reacting to pressures
• B) Group think, judgment triggers, and a rush to solve problems
• C) Reacting to pressures, a rush to solve problems, and Systems 1 thinking
• D) Systems 1 thinking, cognitive dissonance, a rush to solve problems

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Definitions:

Matinee Movie Pricing

Reduced pricing offered for movie showings that take place during the daytime, typically before 5 PM.

Off-Peak Pricing

A pricing strategy that offers lower prices during times of less demand to encourage usage or purchases during these periods.

Brand Names

Distinctive titles given to products or services by companies to differentiate them from competitors.

Intangibility

A characteristic of services that cannot be seen, touched, or measured before they are bought.