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Amazon.com's one-click ordering system, Priceline.com's "name-your-price" business model and Netflix's method for allowing customers to set up a rental list of movies they want mailed to them are examples of:
Three-part Model
In psychology, often refers to the structure of the mind according to Freud's theory, consisting of the id, ego, and superego.
Encoding Information
The initial learning of information; the process of transforming sensory input into a form that can be stored and used later.
Sensory Storage
The initial, transient stage of memory storage that captures near-exact copies of sensory stimuli for very short periods.
Short-term Storage
A cognitive function where small amounts of information are temporarily held for a limited duration, often referred to as short-term memory.
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