(The)_____ Is the Point at Which Consumers Detect a Change

question 5

Multiple Choice

(The) _____ is the point at which consumers detect a change between two stimuli (prices) .

• A) price skimming
• B) cost-based pricing
• C) psychological pricing
• D) just noticeable difference (JND)
• E) penetration pricing

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Definitions:

Negative

In mathematics or statistics, indicating a value less than zero or having a detrimental effect in a specific context.

Regression Model

A statistical technique that models and analyzes the relationships between a dependent variable and one or more independent variables.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.