Author Question: _____ refers to the tendency for owners and potential sellers of goods and products to value those ... (Read 88 times)

Redwolflake15 · **on:** Jun 20, 2018

_____ refers to the tendency for owners and potential sellers of goods and products to value those products more than potential buyers do.

a) Egocentrism
b) Allocentrism
c) Affective commitment
d) Endowment effect

Question 2

Which of the following statements is true of categorization?

a) It is inconsequential in decision making.
b) It makes processing of information inefficient.
c) It helps people keep track of what they are thinking about.
d) It creates confusion while making decisions.