Examlex
When the end benefit of a purchase is significant to the customer, he is likely to be less price sensitive.
Short Stature
A condition in which a person is significantly below the average height for their age and gender.
Object Permanence
The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a concept typically developed in infancy.
Conservation
A cognitive ability that enables an individual to understand that redistributing material does not affect its mass, number, volume, or length.
Formal Operational
The final stage of cognitive development in Piaget's theory, characterized by the ability to think abstractly, logically, and systematically.
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