Although Identical Twins Have Been Shown to Have Some Amazing

question 12

Multiple Choice

Although identical twins have been shown to have some amazing psychological similarities, one should be cautious about attributing these similarities to genetic factors because

• A) the twins may have been raised in completely different environments.
• B) genetic factors influence physical, not psychological, characteristics.
• C) any two strangers are likely to share a string of coincidental similarities.
• D) many fraternal twins have been shown to be psychologically different from each

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Definitions:

Product Class

A broad category of goods or services that share similar characteristics or serve similar purposes.

Selective Demand

The demand for a specific brand or product rather than the category as a whole, often influenced by advertising and consumer preferences.

Competitors

Entities that operate in the same or similar industry and offer comparable products or services, thereby vying for the same customer base.

Skimming Pricing Strategy

A pricing approach where a product is initially set at a high price before gradually lowering it over time to capture different segments of the market.