You and a Partner Have Are Planning to Open a Dollar

question 71

Multiple Choice

You and a partner have are planning to open a dollar discount store in your hometown. You plan to sell the majority of the items in the store for one dollar unit price. You have seen this concept work well in other cities and you believe the demographics of your hometown are a good fit for this retail concept.Which of the following types of customers are you expecting to frequent your store? ​

• A)Price-conscious customers
• B)Wholesalers
• C)Other retailers
• D)Prestige-sensitive customers
• E)Value-conscious customers

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Definitions:

Smoking Habit

The routine or compulsion of consuming tobacco products through the act of smoking, often leading to addiction.

Reinforcement

In psychology, it refers to any stimulus that strengthens or increases the probability of a specific response.

Negative Reinforcement

A process in behavior analysis where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Respondent Behavior

Behavior that occurs as an automatic response to a certain specific stimulus.