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Claudia Geer, controller, discusses the pricing of a new product with the sales manager, James Nolan. What major influences must Claudia and James consider in pricing the new product? Discuss each briefly.
Extinction
In psychology, the gradual weakening of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.
CS
In the context of classical conditioning, CS stands for Conditioned Stimulus, which is a neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, begins to evoke a conditioned response.
Discrimination
The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.
Classical Conditioning
A teaching method that employs the repetitive pairing of two stimuli; over time, the response initially caused by the second stimulus becomes caused by the first stimulus alone.
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