Solved

E-Gadgets Is a Chain of Electronics Stores That Specializes in Devices

question 98

Multiple Choice

E-Gadgets is a chain of electronics stores that specializes in devices and gadgets incorporating cutting-edge technologies. The company has more than 170 stores located in large cities throughout the Southeast and Midwest. E-Gadgets has chosen the locations of its stores so that most customers living in upper middle class and wealthy neighborhoods can get to an E-Gadgets store in less than 15 minutes. E-Gadgets is providing its customers with:

Identify and explain various techniques and tactics of persuasion and compliance, such as the foot-in-the-door technique, the lowball technique, and the scarcity principle.

Recognize the importance of critical thinking and the role of ethics in resisting undue social influence and pressure.

Understand the psychological research related to social influence, including key studies by researchers like Milgram and Asch.

Identify the social and psychological factors that can lead to resistance or susceptibility to social pressure.

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company; this amount includes the cost of the materials and labor directly used to create the product.

Merchandise Inventory

Goods available for sale to customers, which can include both purchased products and those manufactured by the company.

Monthly Expenses

Recurring costs incurred by a business or individual that are expected and budgeted on a monthly basis.

Accounts Payable

The amounts a company owes to suppliers for goods and services purchased on credit.