Impulse buying occurs when individuals make unplanned purchaset4( xcp sh/4 givi/pw,s, often driven by immediate desires and emotions, without considering the long-term consequences or adhering to their original intentions. F4 w4icsh/xpitp vg,/ (or instance, imagine a person who enters a store with the intention of buying only a few essential items but ends up buying several unnecessary products that caught their attention while browsing.
The above is an example of __

  A footwear company donates a pair of shoes to a person in +rs rylo,)+wg need for every pair of shoes purchased. The company has expanded its impact beyond shoes and now supports initiatives related to clean water, eyewear,y+)worgl ,sr+ and safe birth services.
This is an example of which alternative business objective?

  Which of the following is not an example y,qixmu8ny+(w2kd q rkz( x+2of choice architecture?

  The term “default choiceaw2c8 innbt (1*ra3uw '' means:

  Recent media coverage of high-profile crimes in a spqg 4.hom/ *)qs0h(i+u ay xwkvv i5e1jecific neighborhood can create an inflated perception of crime prevalence. This bias can affect behaviors and decision-making, despite actuale1 v0xu qm +ia*v /).4gihhoy(swk5jq crime rates being lower.
Based on the above, determine which bias may influence a family if they decide not to buy a house in that specific neighborhood.

  In real estate negotiations, thp6 ufyc0zn e4.jzu(dyj;(43mj1btn se seller's initial asking price influences potential buyers' offers, with those closer to the initial asking price being perceived as more reasonable. As a result, negotiations revolve around that initial asking price, leading to a narrower rantp(c3fsbd0(nunzuym;z y .1ej 6 44jjge of prices.
The above is an example of which bias limiting rational consumer choice?

  Which of the following is not an assumption of rational cons5wq;am+3bakc umer choice?

  You are in the market for a pre-owned vehicle av,72jp. 8:om r9h axxx;i rebend conduct an online search to find a wider range of options available in your local area. Due to time constraints, yo :xxa2v87 mo e xihrbrj;9ep,.u cannot test drive all of the cars, so you employ certain criteria to narrow down your selection to just three vehicles.
Which of the following best describes your behavior?

  Which of the following d r f5vps1:1-ctph r)istatements are true about the concept of bounded rationality? psrid t1:v 1)p-5fr ch
I. Consumers maximise utility
II. Consumers satisfice rather than maximise utility
III. Consumers cannot process all information
IV. Consumers have perfect information

  
In the diagram above, identify the profit maximising level of output.

  A recent news headline stated that people dreae2;kk6(6 ;ph:d8gaspdjlrso d swimming in Australian oceans due to shark attacks 6 (:dg;lrdk ;6p28k spaheojs. This is an example of which bias?

  Assume there is a separation of firm management and firm owners vm2:fwpd .a4(n ps;b6jmh4 wwhip and the management has a goal of distributing dividends to shareholders. Which objective wi.2 sd:j m6 n4w;ph4awwvm (bfpll the management adopt?