X-Market Uses a Red Light Commonly Found at Traffic Intersections

question 20

Multiple Choice

X-market uses a red light commonly found at traffic intersections to indicate a sale price.Y-market uses a blue light rarely seen by its customers to indicate a sale price.The customers at Y-market learn to run to the sale item much sooner than those at X-market.This is an example of

• A)a bidirectional response.
• B)the compound-stimulus principle.
• C)retardation of acquisition.
• D)inhibitory conditioning.

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Definitions:

Useful Life

The estimated duration over which an asset is expected to be functional and economically useful.

Value-Based Pricing

A pricing strategy that sets product or service prices based on the perceived value to the customer rather than on the cost of production.

Operating Cost

Expenses associated with running a business's core operations, typically including costs of goods sold, labor, and overhead.

Useful Life

The estimated period of time during which an asset is expected to be usable, contributing to a company's operations.