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Rancone Technologies, a laptop manufacturer, released a new laptop model that was priced at $800 to attract customers who could afford to pay a higher price. After a few months, it introduced low-priced versions of the same laptop to attract new buyers. By doing so, it maximized profitability by targeting different segments of the market. In this scenario, Rancone Technologies has used the _____ strategy.
Accommodation
In cognitive development, the process of altering one's existing schemas or ideas as a result of new information or experiences.
Schema
A cognitive framework or concept that helps organize and interpret information, forming the basis of understanding experiences.
Secondary Circular Reactions
Secondary circular reactions are a developmental phase in infants, occurring around 4-8 months, characterized by the repetition of actions that produce effects outside the body, showing an early awareness of cause and effect.
Sensorimotor
The first stage in Piaget's theory of cognitive development, where infants learn through interacting with the environment, from birth to about 2 years of age.
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