The Long Tail Is a Phenomenon Whereby Firms Can Make

question 37

Multiple Choice

The long tail is a phenomenon whereby firms can make money by:

• A) selling the same product at different prices with only minor tweaks in their design.
• B) leveraging customers to promote their products or services.
• C) reselling multiple versions of a single product under different brand names.
• D) offering a near-limitless selection of products or services.
• E) performing different tasks than rivals or the same tasks in a different way.

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Definitions:

Skinner Box

Is a controlled environment used to observe and study the behavior of animals, especially in experiments involving operant conditioning.

Variable Ratio Schedule

A reinforcement schedule in operant conditioning where rewards are provided after an unpredictable number of responses, promoting high and steady rates of behavior.

Positive Reinforcement

A technique in behavior modification that involves providing a reward following a desired behavior to increase the likelihood of its recurrence.

Disruptive Behaviour

Actions that disturb or interrupt normal processes, events, or activities, often marked by aggression or defiance.