The Process of Examining a Change in One Variable in a Model

question 16

Multiple Choice

The process of examining a change in one variable in a model while assuming that all the other variables remain constant is called

• A) exogenous factors.
• B) ceteris paribus.
• C) normative analysis.
• D) positive analysis.
• E) faulty assumptions.

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Definitions:

Reinforcement

In marketing, it refers to strategies aimed at encouraging the repetition of a desired consumer behavior.

Stimulus

A detectable change in the internal or external environment that can elicit or evoke a physiological response from an organism.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and impacts on the consumer and society.

Cognitive Dissonance

A psychological phenomenon where there is discomfort from holding conflicting beliefs, values, or attitudes, often leading to behavior change.