The Classical Conditioning Principle That Encourages Firms to Make a Product

question 18

Multiple Choice

The classical conditioning principle that encourages firms to make a product which is as similar to the leading brand as legally possible is:

• A) conditioned response.
• B) stimulus variance.
• C) stimulus generalisation.
• D) repetition.

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Definitions:

APR

Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, accounting for compounding over the year.

Savings Account

A bank account where money is kept for savings purposes and earns interest over time.

Stated Interest Rate

The annual interest rate declared on a bond or loan, not accounting for compounding or the effect of any fees.