The Professor Asks a General Question of the Class,and Although

question 91

Multiple Choice

The professor asks a general question of the class,and although you think you might know the answer,you don't raise your hand to answer because you're afraid that if you're wrong,the other students might laugh at you.You are experiencing which barrier to problem-solving?

• A) cultural
• B) learned
• C) perceptual
• D) emotional

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Definitions:

Right Price

The optimal price point for a product or service that reflects its value to the customer while allowing a business to make a reasonable profit.

Price Elastic

Describes a situation where the demand for a product changes significantly in response to a change in the product's price.

Price Inelastic

A situation where the demand for a product does not change significantly in response to price changes.

Price Volatile

Characterizes a market or commodity whose price is subject to rapid, unexpected, and often large changes.