Post Utme Madonna University 2022 Commerce Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2022 Commerce Objective / Multiple Choice
Question 16 POST_UTME_MADONNA_UNIVERSITY • 2022 • COMMERCE • objective

A company's marketing strategy involves creating a sense of urgency to encourage customers to make a purchase. This tactic is an example of which of the following?

Answer Options

Correct Answer A. Scarcity principle
B. Loss aversion
C. Endowment effect
D. Social proof
Correct Answer
A
Correct Option:
Scarcity principle

About This Question

This is Post Utme Madonna University 2022 Commerce Question 16. It is one of the objective questions from the 2022 Post Utme Madonna University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support