What Problem-Solving Strategies Don't Guarantee Solutions but Make Efficient Use

question 219

Multiple Choice

What problem-solving strategies don't guarantee solutions but make efficient use of time?

• A) heuristics
• B) algorithms
• C) mnemonic devices
• D) cognitive shortcuts

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Definitions:

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.

Odd Pricing

A pricing strategy where goods are priced slightly below a round number, such as $1.99 instead of $2.00, to make the price seem lower to consumers.

Advertising

The act of promoting products, services, or brands through various media channels to attract and inform potential customers.

Personal Selling

A direct marketing approach where salespeople use personal interaction to persuade potential customers to buy a product or service.