One Possible Reason as to Why Consumers Respond to Sales

question 251

True/False

One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sales provide consumers with a reference point to interpret the prices being offered.

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Definitions:

Action Steps

Specific, measurable tasks or activities that are planned and executed to accomplish a strategic goal.

Effective Manager

Helps others achieve high levels of both performance and satisfaction.

Stakeholders

Individuals or groups that have an interest in the success and progression of a company, project, or policy.

Experiential Learning Cycle

A model of learning that explains how experience is transformed into knowledge through a cycle of concrete experience, reflective observation, abstract conceptualization, and active experimentation.