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How Choices Shape Decisions: The Power of the Decoy Effect 🎯

“The Decoy Effect: How Brands Trick You into Choosing More” The Decoy Effect is a pricing strategy where businesses introduce a third, less attractive option (the “decoy”) to subtly push customers toward a more profitable choice. It plays on human p

PSYCHOLOGICAL MARKETING TECHNIQUE - 4/10 🧊Imagine you're at an ice cream shop in India. You see two flavors: 🍫chocolate for ₹100 and vanilla for ₹150. Then they add a third option—a "mystery flavor" that's not as good as vanilla and costs ₹200. Su

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Imagine you’re buying pizza for your friends, and you’re faced with these options: Small: 4 slices for ₹100 Medium: 8 slices for ₹200 Large: 12 slices for ₹260 (with extra cheese!) Now, let’s rule out the Small pizza—it’s obviously not enough for a

For a f&B industry (chocolates), what will be a right option and why! 👉Inhouse production 👉 Outsourcing manufacturing.

if you want to build an AI🤖 agent startup, follow these key steps: -- Define Purpose and Environment: Identify the tasks your agent will perform and the context in which it will operate13. -- ⭐Gather Data: Collect and prepare relevant datasets

Top 5 AI Coding Tools: Which one gives you the most value for your money? 🤔💡 Here’s a quick comparison to help you decide: 1️⃣ **@windsurf_ai** 💰 $15/month ✨ 500 premium messages 🔄 1,500 "flow actions" 💬 Unlimited basic messages

If you were a a chocolate company in the current times, how would you tackle the rise in prices of cocoa? Cocoa is a key ingredient in making chocolates. Option A By increasing prices Option B By reducing cocoa If any other option or more de

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