A Better Understanding of Consumer Behavior Through Analytics Leads to A(n)

question 10

Multiple Choice

A better understanding of consumer behavior through analytics leads to a(n) :

• A) decrease in demand.
• B) assured increase in sales.
• C) more effective pricing strategies.
• D) poor customer satisfaction.

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Definitions:

Social Cognition

The mental processes that people use to make sense of the social world around them.

Obedience

The act of following orders or directions from an authority figure, often without question.

Perceived Authority

The extent to which an individual is viewed by others as knowledgeable or powerful in a particular area or situation, affecting their influence over others.

Ethics

A branch of philosophy that deals with questions about morality, including the rightness and wrongness of actions, virtues and vices, and good and evil.