The "Law of Effect" States That a Stimulus Will Tend

question 27

Multiple Choice

The "law of effect" states that a stimulus will tend to produce a certain response over time if the

• A)stimulus is conditioned.
• B)organism is repeatedly rewarded for that response.
• C)organism is repeatedly punished for that response.
• D)stimulus and the response are both unconditioned.

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Definitions:

Forecasting Function

A method or model used for predicting future data points or trends based on historical data.

Revenue Management Systems

Revenue management systems are sophisticated platforms that allow businesses to strategically control pricing and inventory to maximize revenue.

Supply Chain Profitability

Measures the overall financial gain achieved through the management and operation of a supply chain, from procurement of raw materials to delivery of final products.

Market Segments

Distinct groups of consumers within a market who share similar needs, preferences, or characteristics, which businesses target with specific products or marketing strategies.