Lecture crossword

2. Pricing: Strategy using higher prices to convey quality and exclusivity, commonly employed by luxury brands and fine restaurants.
6. Form of motivation arising from internal desires or personal satisfaction derived from an activity.
8. (in Decision Theory): Assumption that the addition of new alternatives to a choice set should not increase the market share of existing alternatives, a principle violated by the decoy effect.
12. Effect: Phenomenon where the introduction of a third, less attractive option in a choice set influences consumers to prefer a particular option over another.
14. Form of extrinsic motivation driven by the expectation of external rewards, whether tangible (e.g., money, gifts) or abstract (e.g., recognition, praise).
16. State where supply and demand are in balance, resulting in an optimal market price.
18. Extrinsic motivation fueled by the desire to avoid negative consequences or punishment, leading individuals to take action out of fear of undesirable outcomes.
19. Focuses on interactions between individual consumers and producers of goods and services.
20. Pricing: Strategy of pricing products just below a whole number (e.g., $9.99 instead of $10) to create the perception of a lower price.
21. Curve: Illustrates the relationship between prices and the quantity of a good or service producers are willing to provide.

1. Form of motivation driven by external factors such as rewards or social recognition.
3. of Price: Economic principle stating that the price of a good or service is determined by the relationship between its supply and demand.
4. Point: Intersection of the demand and supply curves, indicating the optimal price where quantity demanded equals quantity supplied.
5. (Psychological Pricing Strategy): Utilizes pricing tactics based on psychological principles to influence consumer behavior and perceptions of value.
7. Study of the economy as a whole.
9. of Needs: Theory proposed by Abraham Maslow, suggesting that humans are motivated to fulfill basic needs before progressing to higher-level needs such as self-actualization and self-transcendence.
10. Curve: Graphic representation showing the relationship between prices and the quantity of a good or service consumers are willing to purchase.
11. Forces: Factors influencing supply and demand in a market economy.
13. Extrinsic motivation rooted in the desire to exert control or influence over others, often associated with leadership roles and positions of authority.
15. Market: Economic system where prices for goods and services are determined by supply and demand without government intervention.
17. on the provided text, here are some terms and their definitions for your crossword puzzle: