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When is skimming pricing an effective strategy?
Just Noticeable Difference (Jnd)
The least alteration in a stimulus that is just noticeable by an organism.
Absolute Threshold
The minimum stimulus intensity required for detection by a sense organ, signifying the point at which a stimulus becomes perceptible to the senses.
Noticeable Threshold
A threshold is the level at which a stimulus becomes sufficiently strong to produce a discernible effect or reaction.
Range Threshold
The minimum and maximum values within which a particular sensory stimulus, action, or phenomenon is perceptible or has an effect.
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