When We Assume People Stay the Way We Are, We

question 21

True/False

When we assume people stay the way we are, we make frozen evaluations.

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Definitions:

Monopoly Rights

The exclusive power granted to a company or individual to produce, sell, or conduct business in a specific market without competition.

Auctioned Off

The process of selling goods or services to the highest bidder in an auction format.

Personalized Pricing

A pricing strategy where the price of a good or service is tailored to each individual customer based on factors such as their shopping habits or willingness to pay.

Big Data

Large and complex data sets that traditional data-processing software are inadequate to deal with, characterized by volume, velocity, and variety.