People Sometimes Respond to Frustration by Trying to Ignore It

question 21

Multiple Choice

People sometimes respond to frustration by trying to ignore it or to escape from it.This tendency is referred to as

• A) sublimation.
• B) reaction formation.
• C) suppression.
• D) withdrawal.

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Definitions:

Protectionist Strategy

Economic policies governments use to restrict imports to protect domestic industries.

Inelastic

Describes a situation where the demand for a product or service is relatively unresponsive to changes in price, meaning that variations in price have little to no effect on the quantity demanded.

Whole Dollar Pricing

A pricing strategy where products are priced at round number amounts rather than using cents, designed to simplify pricing for consumers.

Price Maximization

A strategy aimed at setting the price of a product or service at the highest possible level at which the target segment of consumers is still willing to purchase it.