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The Person Who Is Considered by Many to Be the Founding

question 105

Multiple Choice

The person who is considered by many to be the founding father of I/O psychology and whose book, Psychology ofIndustrial Efficiency (1913) was the field's first textbook is:


Definitions:

Off-Peak Periods

Times when demand for a service or product is lower, often leading to reduced prices or rates to encourage usage or purchase during these times.

Demand Shift

A change in consumers' desire to purchase goods or services, influenced by factors like price changes, seasonal trends, or evolving preferences.

Static Pricing

A pricing strategy where the price of a product or service is fixed and does not change in response to market fluctuations or consumer demand variations.

Optimal Price

The price point that maximizes a company's profits or achieves other specified business objectives, taking into account costs, demand, and competitive pricing.

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