Customers Who Suffer a Poverty of Time and Have a Strong

question 12

Multiple Choice

Customers who suffer a poverty of time and have a strong need for convenience are taken advantage of by ATMs because of which of these?

• A)elasticity of demand
• B)inelastic demand schedule
• C)unitary supply and demand
• D)supply characteristics

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Definitions:

Sensory Memory

A type of memory that holds sensory information for a few seconds after the item is perceived.

Visual Search

The process of visually scanning an environment or scene to locate a particular object or feature among other distractors.

Subject's Attention

Subject's attention refers to the focus or concentration of an individual on a specific stimulus or task, determining the degree of cognitive resources allocated to processing information.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically seconds to minutes, before it is either forgotten or transferred to long-term memory.