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If the Real Price of Anything Is the Toil and Trouble

question 145

Essay

If the real price of anything is the toil and trouble of acquiring it, how can a marketer reduce total customer cost in order to increase customer perceived value?


Definitions:

Operant Behavior

Behavior that is controlled by its consequences, including rewards and punishments, in the context of operant conditioning a type of learning process.

Associative Learning

The method through which a person grasps the association between two signals or between an action and its result.

Spontaneous Recovery

The reappearance of a learned response after its apparent extinction, often occurring in the absence of further conditioning.

Acquisition

The process of gaining a new skill, knowledge, behavior, or object through experience, practice, or the act of obtaining.

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