People's Tendency to Prefer Something That Will Yield Immediate Benefits

question 137

Multiple Choice

People's tendency to prefer something that will yield immediate benefits over something whose benefits come later is called what by behavioral economists?

• A)myopia
• B)mental accounting
• C)anchoring
• D)framing

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Definitions:

Supply Chain Personnel

Employees involved in managing the flow of goods, services, and information from the supplier to the customer.

Major Retailers

Large and influential retail businesses that operate on a national or international scale, typically dominating market sectors or industries.

Seminar Selling

A sales method that involves organizing educational meetings or workshops aimed at pitching a product or service to potential buyers.

Technical Staff

Individuals who possess specialized skills or knowledge in technical fields and support the development, operation, or repair of technology or products.