Ernie Has Not Met His Sales Targets for Several Months

question 70

Multiple Choice

Ernie has not met his sales targets for several months and as a result is moved to a new store in an area that is far from his home.He now needs to drive to work rather than walk,his preferred method.What does this example illustrate?

• A) negative reinforcement
• B) positive reinforcement
• C) punishment
• D) extinction

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Definitions:

Introductory Stage

The first phase of the product life cycle, when a new product is launched to the market.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, indicating its sensitivity to price changes.

Break-even Point

The point at which total costs and total revenues are equal, meaning no net loss or gain has been made.

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent or salaries.