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Imagine That You Are a Manager of a Grocery Store

question 30

Essay

Imagine that you are a manager of a grocery store.Analyze how you could use behavioral economics to improve your business.In your answer,provide examples of policies you should incorporate as well as avoid in your application of behavioral economics.


Definitions:

Social Dominance Orientation

is an attitude characterized by a preference for hierarchy within societies and the domination of lower-status groups by higher-status groups.

Social Order

The organized pattern of social relationships and social institutions that together compose society.

Place

A particular position, point, or area in space; a location.

System Justification Theory

A social psychological theory that proposes people are motivated to defend and justify the existing social, economic, and political arrangements.

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