You Are Participating in a Reality Show in Which You

question 97

Essay

You are participating in a reality show in which you and several other competitors have been taken to an unknown place and asked to make your way to a destination using a map.You were doing a good job until you reached a crossroad.Confused as to which way to take,you decided to take the road that most of your competitors chose.
a)What is the term that is used to refer to such behavior?
b)Why do people often behave in this way?

---

Definitions:

Selling Price

The sum of money required for a product or service, which directly affects the income produced through sales.

Fixed Manufacturing Overhead

Fixed costs related to manufacturing that do not change with the level of production, such as factory rent and salaries of permanent staff.

Direct Labor

The wages and other compensation paid to employees who are directly involved in the production of goods and services.

Special Order

A customer request for a product or service that is not normally offered by the business, often requiring unique production or procurement efforts.