What is the anchoring and adjustment process

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Question 1: people discuss several types of estimations of likelihood that consumers can make (such as estimating quality or likelihood of satisfaction, goodness/badness). What other types of judgments do consumers make? Identify at least three (3) others, discuss thoroughly and indicate what these judgments have in common.

Question 2: What is the anchoring and adjustment process? Explain how consumers use anchoring and the adjustment process in decision making. Discuss in detail, using examples and .

Question 3: How do price and value perceptions affect low-effort decision making?. Give at least one example of how price and value perceptions affect your own low-effort buying decision

 

Reference no: EM133312651

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