________ Prices Are the Prices That Buyers Carry in Their

question 46

Multiple Choice

________ prices are the prices that buyers carry in their mind and refers to when looking at a given product.

• A)Psychological
• B)Reference
• C)Promotional
• D)Geographical
• E)Dynamic

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Definitions:

Constraints

Limitations or restrictions that define the conditions or rules within which operations or processes occur.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often as a result of study, instruction, or experience.

Conditioned Response

The learned response to the conditioned stimulus that occurs after conditioning has taken place.

Different Stimuli

Varied or distinct environmental inputs that can trigger or influence responses in organisms.