Define Perception

question 79

Essay

Define perception.Describe two perceptual processes and explain how they affect behavior in organizations.

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Definitions:

Product Differentiation

The method of differentiating a product or service from those available in the market to enhance its appeal to a specific target audience.

Barriers To Entry

Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and operate in a market.

Price Discrimination

A strategy where a provider sells identical or similar goods or services at varied prices in diverse markets.

Efficient Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing resource use without waste.