Carol Is Trying to Decide Which College to Attend Next

question 330

Multiple Choice

Carol is trying to decide which college to attend next semester. She first eliminates those that are too far from home for her to be able to visit her family and friends on the weekend. The decision-making strategy demonstrated here is

• A) heuristic systematic decision-making process.
• B) elimination by aspects
• C) the representativeness heuristic
• D) the recognition heuristic

---

Definitions:

Pricing Policies

Strategies and guidelines set by companies to determine how products or services are priced in the market.

Profit Objective

The goal a business sets to achieve a specific amount of profit within a certain timeframe.

Pricing Objectives

The goals that a company aims to achieve through its pricing strategy, such as maximizing profit, increasing market share, or discouraging competition.

Pricing Constraints

Limitations on the setting of prices caused by factors like competition, cost of production, and regulatory environments.