When the customers base their predictions on example... - Solved MCQs & Answer

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When the customers base their predictions on example that comes to mind easily are classified as__________?

Aanchoring heuristic

Brepresentative heuristic

Cadjusting heuristic

Davailability heuristic

Correct answer

D. availability heuristic

Explanation

availability heuristic is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Considering the Dutch auctions, the technique in which the potential auctioneer offers the lowest to compete, is used in situation of __________?

The process of defining customer focuses on selling a product to existing market is called _________?

The added value on products and services is called ________?

Permanent and ordered division in society on basis of values and interests is called?

The products or market offering bought by consumers for personal consumption are classified as?

The market which is segmented on the basis of ‘readiness stage’ is best classified as?