The Market Researcher for a Candy Bar Manufacturer Discovered That

question 83

Multiple Choice

The market researcher for a candy bar manufacturer discovered that ten cents was the minimum price increase that consumers would notice.This is known as a just noticeable increase or a(n)

• A) minimal perception.
• B) cognitive barrier.
• C) affective absolute.
• D) differential threshold.
• E) minimal cognition.

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Definitions:

Private Sector

The part of the economy that is run by individuals and companies for profit and is not controlled by the government.

Public Sector

The portion of the economy composed of government services and public enterprises.

Arbitration Process

A method of conflict resolution where a neutral third party renders a binding decision to resolve a dispute between parties.

Rules of Evidence

Standards governing whether, how, when, and for what purpose proof of a legal case may be placed before a court.