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How company take advantage of consumer mental accounting

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Assignment

• What is mental accounting and how does it impact consumer decision making?
• How might a company take advantage of consumers' mental accounting? Give examples.
• As a marketer, how might you frame certain decisions to benefit from the disparities that arise in one's cognitive accounting?
• As a consumer, how would you avoid the pitfalls posed by the inequalities of one's cognitive accounting?

Write a 3-5-page paper in Word format. Apply APA standards to citation of sources.

Reference no: EM131347580

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