Examlex
In your role as a professional salesperson, it is safe to select the need-satisfaction method as it works for most sales call objectives and benefit plans.
Anchoring Effect
A cognitive bias where an individual's decisions are influenced by a particular reference point or "anchor," sometimes leading to irrational decision-making.
Behavioral Economists
Specialists in an area of economics that combines insights from psychological research with economic theory to better understand decision-making processes.
Large Risks
Exposures to significant potential losses or gains, often requiring careful assessment and management in decision-making processes.
Small Risks
Risks that have a minor potential impact or a very low probability of occurring.
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