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Firms Offer Different Variations of the Same Basic Product or Service

question 14

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Firms offer different variations of the same basic product or service to both,high-end and low-end segments.Gap's Banana Republic chain sells blue jeans for $58,whereas its Old Navy stores sell a slightly different version for $22.This is an example of:


Definitions:

Extrinsic Motivation

A form of motivation driven by external rewards, such as money, fame, grades, and praise, or the avoidance of negative outcomes.

Homeostasis

The tendency of a biological system to maintain stability in its internal environment in response to external changes.

Humans Focusing

This is not a standard psychological term and may refer to the human tendency to concentrate or pay attention to certain stimuli over others. NO.

Specific Responses

Particular reactions to stimuli, often as a result of learning or conditioning.

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