An Example of _____ Occurs When a Business Introduces an Upscale

question 50

Multiple Choice

An example of _____ occurs when a business introduces an upscale model of an existing product and experiences an increase in sales of the regular product to customers who believe it to be a bargain.

• A) left digit bias
• B) the halo effect
• C) odd pricing
• D) anchoring

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Definitions:

Fight-or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, prompting either aggressive resistance or escape.

CNS

The central nervous system, consisting of the brain and spinal cord, responsible for processing and transmitting information throughout the body.

Calm

A state of peace and tranquility, with an absence of stress, agitation, or excitement.

Muscles

Tissues in the body capable of contraction, making movement possible and playing a critical role in bodily function and maintained posture.