A Run-Out Policy of Product Deletion

question 8

Multiple Choice

A run-out policy of product deletion

• A) lets the product decline without changing the product strategy.
• B) is an immediate-drop decision.
• C) exploits any strengths left in the product.
• D) raises the price of the product continually to secure as much profit as possible before the product is priced out of the market.
• E) occurs when production cannot keep pace with demand because of material shortages.

---

Definitions:

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Personality Traits

Enduring characteristics or behaviors that distinguish one individual from another, often described as patterns of thought, feeling, and behavior.

Superego

Part of the human psyche, according to Freudian theory, that represents internalized ideals and provides standards for judgment (the conscience) and for future aspirations.

Collective Unconscious

A concept proposed by Carl Jung that refers to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.