Explain Why It Is Important for Companies to Be Able

question 92

Essay

Explain why it is important for companies to be able to track inventory within the channel.

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Definitions:

Extinction

In the field of behavioral psychology, the phenomenon where a learned response gradually becomes less frequent and ultimately vanishes because the previously associated stimulus is not presented alongside the original, unconditioned stimulus anymore.

Classical Conditioning

A process of learning through which two stimuli are habitually paired; the response, initially drawn out by the second stimulus, is eventually evoked by just the first stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that instinctively and automatically induces a response without previously being learned.