An electronic store advertises that customers can buy a specific cell phone for half its original price. When customers are draw
n by the offer and enter the store, they get to know that the offer is valid only if they make a purchase of $200 or above. The store's manager notices that those customers who are merely interested in purchasing cell phones end up buying other products as well. In the context of persuasion, this scenario illustrates A) rosy retrospection B) belief perseverance C) the illusory truth effect D) the lowball technique
In the scenario, the shopkeeper advertises that customers can buy cell phone for half its price. And when thee customers came to buy the cell phones they came to the hidden fact that the cell phones are available at half its price only with purchase of $200 or above. At last the customers who came to buy cell phones ended up buying other products in order to purchase the cell phone at half price.
This persuasive tactic in the business world is called "the low ball technique".
In this technique, customers are attracted to purchase an item for a discount at the cost of or at the purchase of other items.
Secondary economic activities produce finished goods which are further used for reconstructing or manufacturing other goods.Such as - 1)Production of steel. 2)Oil refining 3)Chemical Industry 4)Textile Production 5)Food production.
The member governments or countries of the World Trade Organization decides as a whole in trade disputes between members. Member governments or countries are represented by ministers, ambassadors or representatives which convene at least every two years in Geneva.
