Examlex
Which of the following is an example of affinity marketing?
Production Possibilities Frontier
A graph that illustrates the maximum amounts of two goods that a society can produce with the available resources and technology, given that it is using its resources efficiently.
Representativeness Bias
A cognitive bias where individuals incorrectly assess the probability of an event based on similarities to existing prototypes in their mind, rather than on actual evidence.
Availability Bias
A cognitive bias where individuals overestimate the importance of information that is readily available to them.
Adjustment Bias
A cognitive bias that affects the decision-making process, leading individuals to make decisions based on adjustments from a reference point.
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