Sid Believes His Dreams Forecast the Future

question 435

Multiple Choice

Sid believes his dreams forecast the future.He describes all the dreams that came true in the last month.His friend Joey asks him about all the times his dreams did not come true.Sid's tendency to remember the times his dreams came true and forget the times they did not is known as

• A) the confirmation bias.
• B) uncritical acceptance.
• C) the observer effect.
• D) critical thinking.

---

Definitions:

Price Wars

A competitive strategy involving several companies lowering their prices in an attempt to undercut competitors, potentially leading to lower profit margins for all involved.

Market Segment

A subgroup of people or organizations with shared characteristics within a broader market that businesses target with specific products or marketing.

Promotion

All the activities that communicate the value of a product and persuade customers to buy it.

Market Share

The portion of a market controlled by a particular company or product.