Identify the marketing strategy or cognitive bias described in each situation. A minor league baseball team...

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Identify the marketing strategy or cognitive bias described in each situation. A minor league baseball team reduces the price of hot dogs to $1 at Thursday home games. A trial promotion for a streaming video service offers three months for free. If new subscribers do not opt out after the three-month period, they are automatically enrolled in the regular subscription. Big-box retailer Mall Wart sells a television for $400. Competitor S-Mart offers the same television for $800 but offers a "half-off blowout sale" promotion. S-Mart sells more of these televisions. There are about 25 seafood restaurants in a popular tourist town. Captain Sham's Fresh Catch was recently ranked 19th among them. Captain Sham's advertises itself as a "top 20 seafood restaurant". Wholesale retailer RevenueCo has kept the price of its years, despite rising popular hot dogs at $1.50 for the past beef costs. 001 Answer Bank Framing Leader pricing Anchoring Status quo bias Identify the marketing strategy or cognitive bias described in each situation. A minor league baseball team reduces the price of hot dogs to $1 at Thursday home games. A trial promotion for a streaming video service offers three months for free. If new subscribers do not opt out after the three-month period, they are automatically enrolled in the regular subscription. Big-box retailer Mall Wart sells a television for $400. Competitor S-Mart offers the same television for $800 but offers a "half-off blowout sale" promotion. S-Mart sells more of these televisions. There are about 25 seafood restaurants in a popular tourist town. Captain Sham's Fresh Catch was recently ranked 19th among them. Captain Sham's advertises itself as a "top 20 seafood restaurant". Wholesale retailer RevenueCo has kept the price of its years, despite rising popular hot dogs at $1.50 for the past beef costs. 001 Answer Bank Framing Leader pricing Anchoring Status quo bias

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1 A minor league basketball team reduces the price of hot dogs to 1 at Thursday home games Answer Anchoring Explanation The anchoring effect works by ... View the full answer