_____ Is an Analytical Tool Which Enables Retailers to Know

question 52

Multiple Choice

_____ is an analytical tool which enables retailers to know of units they need sell to begin making a profit.

• A) Yield management
• B) Break-even analysis
• C) Keystoning
• D) Price lining
• E) Cost-plus pricing

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Definitions:

Secondary Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer, such as praise, money, or tokens, which are not naturally rewarding.

Observational Learning

The process of learning by watching the actions of others and the consequences of those actions, also known as social learning.

Higher-order Conditioning

Higher-order conditioning is a process in behavioral psychology where a stimulus that was previously neutral becomes conditioned by being paired with an already conditioned stimulus.

Conditioned Fear

A learned response to a previously neutral stimulus that has been repeatedly paired with an aversive stimulus.