We Often Estimate the Value of Uncertain Objects or Events

question 7

Multiple Choice

We often estimate the value of uncertain objects or events using information that is irrelevant because it happens t_________.

• A)Rational.
• B)Anchored.
• C)Consistent.
• D)Easily recallable.

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Definitions:

That's-Not-All Technique

A sales strategy where an initial offer is improved upon before a decision is made in order to make it more appealing.

Store Manager

A person responsible for overseeing the day-to-day operations of a retail location, including staff management and financial performance.

Prices

The amount of money expected, required, or given in payment for something.

Bait And Switch Technique

A deceptive marketing strategy where customers are lured with the promise of one product or service, but are then offered another product or service, usually at a higher price or lesser quality.