Behavioral Economics Helps Explain Why Customers ________ at J

question 63

Multiple Choice

Behavioral economics helps explain why customers ________ at J.C.Penney.

• A)favored the policy of everyday low prices and not sales and coupons
• B)favored sales and coupons and not the policy of everyday low prices
• C)were equally happy with sales and coupons and the policy of everyday low prices
• D)responded negatively to both sales and coupons and the policy of everyday low prices

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Definitions:

Persuasion

The process by which a person's attitudes, beliefs, or behaviors are influenced by communications from others.

Large Request

A significant or demanding favor or inquiry that is beyond normal expectations and requires considerable effort to fulfill.

Poor Credentials

Refers to qualifications, certifications, or experiences that are considered inadequate or less respected within a professional context.

Reasonable Idea

A thought or suggestion that is sensible and likely to be accepted or agreed upon by most people.