On the Internet, Price Can Easily Be Adjusted to Meet

question 33

Multiple Choice

On the Internet, price can easily be adjusted to meet changes in the marketplace. This is called ________.

• A) captive pricing
• B) dynamic pricing
• C) promo pricing
• D) price bundling
• E) payment pricing

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Definitions:

Skinner Box

A soundproof chamber with a device for delivering food to an animal subject; used in operant conditioning experiments.

Generalization

The process of applying the conclusions drawn from specific instances to broader contexts or situations.

Operant Conditioning

A way of changing the force of a behavior using rewards or penalties as influencing factors.

Shaping

A method in behavioral psychology where reinforces guide an organism's behavior towards a desired goal through successive approximations.