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When a Retailer Puts a Sign on a Product That

question 28

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When a retailer puts a sign on a product that says "reduced" or a retailer puts a sign on a product that says "compare to XXX at $10.00 more," the retailer is encouraging what kind of pricing psychology for its shoppers


Definitions:

Business Casual

A dress code that is less formal than traditional business wear but is intended to still convey a professional and businesslike appearance.

Traditional Business Attire

Conventional clothing worn in a professional setting, often including suits and formal wear.

Good Manners

refer to polite, respectful, and considerate behaviors and actions in social interactions.

Considerate Behavior

Actions that show thoughtfulness towards others' feelings and needs, often characterized by kindness and respect.

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