Adding to a Product or Service to Increase Its Value

question 32

Multiple Choice

Adding to a product or service to increase its value to the consumer is called ____.

• A) adding value
• B) enhancing existing products or services
• C) increasing value
• D) incrementing value

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Definitions:

Deindividuation

A psychological state in which individuals lose their sense of self-awareness and personal responsibility in group settings, often leading to atypical behavior.

Diffusion of Responsibility

A social psychology phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of a large group.

Collective Violence

Acts of violence committed by groups of individuals, often with a shared social or political objective.

Collective Behavior

Actions or reactions of a group of people in situations where conventional norms and laws are perceived as less applicable, often spontaneously arising.