Price Drops Attract Loyal Customers

question 39

True/False

Price drops attract loyal customers.

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Definitions:

Masked Behaviour

Actions or expressions that are deliberately designed to conceal one's true feelings, intentions, or identity.

Modelling

In social science, it refers to the process of learning and adopting behaviors by observing and imitating others.

Frequency Marketing

A promotional strategy that focuses on rewarding customers based on the frequency of their purchases.

Variable Ratio

In the context of behavioral psychology, it's a reinforcement schedule where a response is reinforced after an unpredictable number of responses, often used in gambling and sales strategies.