We Act Under the Influence of ________ When We Choose

question 76

Multiple Choice

We act under the influence of ________ when we choose a product due to the attractiveness of the requester.

• A) social proof
• B) authority
• C) affinity
• D) scarcity
• E) consistency

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Definitions:

Foreign Currency

The currency of another country that is required to conduct foreign trade and business transactions.

Futures Contract

A legal document that obligates parties to buy or sell a commodity at a price determined in advance, on a specified future date.

Assembly

The process of putting together various components or parts to form a finished product.

Speculation Strategy

An investment strategy aimed at making profits from market value changes, often involving high risk and short-term commitments.