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Alaina is a judge at a national gymnastics competition. The previous national champion just performed her floor routine. Though the gymnast made multiple errors, the first three judges award her with very high scores. Because of the errors the gymnast made, Alaina believes the gymnast should receive a lower score. She is conflicted about whether she should side with the rest of the judges or whether she should award the gymnast the score Alaina thinks she deserves.
-On her way in to judge the competition,Alaina heard someone say "All judges are snobs and will give high scores to their favourites,whether or not they mess up." This person's statement reflects a ____________ of gymnastics judges.
Cost Of Overpricing
The negative financial impact experienced by setting the price of a product or service too high, leading to reduced sales volume.
Cost Of Underpricing
The financial loss incurred when a product or service is sold for less than its market value or production cost.
Superior Craftsmanship
The exceptional skill and quality applied in the creation or production of goods, often resulting in products of high durability and aesthetic value.
Less Elastic
Describes a demand or supply that shows a relatively smaller response to changes in price compared to others, usually implying a steeper demand/supply curve.
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