When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
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The answer is "strong justice system".
A strong justice system is of the outmost significance for our group. It serves the assurance and requirement of rights, guarantees the rule of lawful sureness and social peace. The freedom of our equity framework ensures reasonable and straightforward court procedures.
Answer: B. gathering, verifying, coordinatin, and disseminating information.
To accomplishing the public information mission, the <em>logical order</em> for the four steps are:
1. <u>Gathering</u> - the fist thing is to collect the information.
2. <u>Verifying</u> - it is important to make sure that the information is correct, it's true.
3. <u>Coordinating</u> - you have to organize all the information, relevant and relating topics.
4. <u>Disseminating information</u> - lastly, spread the information, the news.
The answer is arousal theory
Arousal theory is a motivation theory that state human motivation changes from day to day hence high arousal events are remembered better than low arousal events. This applies the same way to human emotions where by strong emotions form strong memories while weak emotions form weak memory
Rita, a salesperson, needs to obtain precall information about a prospect. rita should gain current knowledge about both the prospect as an individual and his or her firm.
<h3>As a salesperson one should be aware of what?</h3>
- As a marketing and strategy specialist, gaining a full awareness of the business procedures and difficulties faced by your prospects will enable you to provide them with the precise, practical solutions they require.
- By gathering this data, you show prospects that you are personally invested in their success. Whether you're prepared to approach a new prospect—a target account—or engaging with an existing customer, your research will pay off.
- It's crucial to recognize your key accounts, or the present clients who have the potential to become your most essential revenue sources.
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