A Grocery Store Owner Places a New Item at the Front

question 94

Multiple Choice

A grocery store owner places a new item at the front of each aisle every few days.He wants people to think that these items are in front because they are special or on sale.The grocery store owner is trying to use _____ to sell the items at the front.

• A) loss aversion
• B) framing
• C) confirmation bias
• D) prospect theory

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Definitions:

Indorsement

The act of signing a document, typically on the back of a negotiable instrument, indicating the legal transfer of its ownership.

Stamped Imprint

An impression or mark made on a document or item using a stamp, commonly used for validation or identification purposes.

Risk Of Loss

The potential that an asset's value could decrease, causing financial loss to its owner or holder.

Indorsement

A legal act of signing a document, such as a check or contract, which transfers the rights or confirms the details stated.