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Stephanie wants to buy a laptop.She has chosen a particular model.However,before ordering it online,she decides to read some of the user reviews provided on the Web site.She overlooks negative feedback by some users and focuses only on positive feedback.This is an example of ________ bias.
Pricing Objectives
The goals that a company aims to achieve through its pricing strategy, such as maximizing profit, increasing market share, or achieving a competitive advantage.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, often influencing pricing strategies in economics and marketing.
Profit Maximization
The process or strategy of adjusting the production and sale of goods or services to achieve the highest possible profit.
Material Charges
Fees associated with the cost of raw materials or goods used in the production of products or services.
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