Product Layout Is Also Called as ________ Layout

question 11

Multiple Choice

Product layout is also called as ________ layout.

• A)line
• B)cellular.
• C)process.
• D)functional.

Recognize how behavioral economics explains the influence of cognitive biases and heuristics on decision making.

Identify the factors affecting human decision making, including the impact of framing, temptation, and future versus present preferences.

Understand the concept of "bounded rationality" and its significance in behavioral economics.

Examine the role of external factors, such as store layout and advertisement, on consumer behavior from a behavioral economics perspective.

---

Definitions:

Descriptive Statistics

Statistical procedures used to summarize, organize, and simplify data in order to describe its main features.

Data

Information collected for reference or analysis, often numeric, which can be used in making decisions or discussing facts.

Scores

Quantitative data or values that represent an individual's performance on assessments or tests.

Standard Deviation

A mathematical metric that determines the extent of variability or scatter among data points.