One Possible Reason as to Why Consumers Respond to Sales

question 251

True/False

One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sales provide consumers with a reference point to interpret the prices being offered.

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Definitions:

Moving Assembly Line

A moving assembly line is a manufacturing process that involves the assembly of products in a sequential manner, with the workpiece moving along a line of stationary workers or machines.

Henry Ford

An American industrialist and founder of the Ford Motor Company, known for revolutionizing the automobile industry with assembly line production methods.

Unemployed

Individuals who are without a job but are actively seeking employment.

1937-1938

A period marked by a sharp economic downturn in the United States, considered a recession within the Great Depression era.