Roger Runs a Small Nonprofit Group

question 43

Multiple Choice

Roger runs a small nonprofit group.He wants to buy a copier,because he knows it will be cheaper than going to the copy store.One of the other employees remarks that they should make do with an inexpensive copier from Walmart or Staples,but Roger wants one that will copy legal documents and collate reports.Roger may be impacted by _______ bias.

• A) framing
• B) hindsight
• C) anchoring
• D) availability
• E) confirmation

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Definitions:

Consumer Focus

A business strategy that prioritizes understanding and meeting the needs and preferences of consumers.

Major Applications

Refers to the primary or most significant uses of a technology, concept, or product in various fields or industries.

Wholesale

The sale of goods in large quantities, typically to be retailed by others.

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.