When the Capacity Reserved for Higher Price Buyers Is Wasted

question 102

Multiple Choice

When the capacity reserved for higher price buyers is wasted because demand from the higher price segment does not materialize,this is

• A)spill.
• B)spoilage.
• C)wastage.
• D)excess.

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Definitions:

Punishment

The application of an adverse stimulus or removal of a positive stimulus in response to an unwanted behavior, aiming to reduce the likelihood of the behavior's occurrence.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.

Observable Actions

Behaviors or actions that can be seen and measured by others, typically used in behavioral assessments.

Personality Traits

Enduring characteristics or qualities that define an individual’s patterns of thought, emotion, and behavior.