Setting Prices Higher in the ____________________ Market Than in the ____________________

question 90

Short Answer

Setting prices higher in the ____________________ market than in the ____________________ market is justified by no cost advantages to producing overseas, such as economies of scale and labor to justify a lower price.

---

Definitions:

Unconditioned Stimulus

In behavioral psychology, a stimulus that naturally and automatically triggers a response without any previous conditioning.

Negative Reinforcement

is a concept in behavioral psychology where the removal of a negative condition strengthens a behavior.

Operant

Pertaining to operant conditioning, a method of learning that employs rewards and punishments for behavior, leading to changes in that behavior's frequency.

Systematic Desensitization

A therapeutic intervention aimed at reducing an individual's anxiety responses through gradual exposure to the feared object or situation, along with relaxation techniques.