Too High a Price May ________

question 103

Multiple Choice

Too high a price may ________.

• A) deter a customer from purchasing a product
• B) increase demand for the product
• C) indicate supply is too plentiful
• D) decrease a competitor's market share

---

Definitions:

Knowledge Organization

The act of categorizing and structuring information to make it understandable and usable.

Mental Set

A framework or tendency to approach problems in a certain way, often based on past experiences and can potentially limit problem-solving abilities.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Domain-Specific Memory

Memory that applies to a particular area of knowledge or expertise, allowing for better recall of information related to that field.