Behavioural Economics Helps Explain Why Customers ________ at Big W

question 62

Multiple Choice

Behavioural economics helps explain why customers ________ at Big W.

• A)favoured the policy of everyday low prices and not sales and coupons
• B)favoured 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:

Cultural Background

The cultural environment and experiences that shape an individual's beliefs, values, and behaviors.

Touch

The sense that allows perception of pressure, temperature, and texture, often used in technology for interactive interfaces.

Nonverbal Message

Communication conveyed through body language, facial expressions, and other physical gestures, rather than words.

Beliefs

Deeply held convictions or acceptances that something is true or exists.