Post Utme Madonna University 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_MADONNA_UNIVERSITY • 2022 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Madonna University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Madonna University Commerce examination.

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