Business enthusiasti...Ā ā¢Ā 2m
āAnchoring Effect: The First Price You See Changes Everythingā The Anchoring Effect is a cognitive bias where people rely too heavily on the first piece of information (the āanchorā) they see when making decisions ā especially in pricing. Businesses
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What is the best way to market a product? šHighlighting its Multi-functionality- Like how a simple dress or top can be styled in different ways š Fashion is an emotion for many, stressing on emotions will help in connecting with the buyer šSh
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No matter how much rational we tend to show ourselves We have a natural tendency of liking or disliking people at first view, I don't know how it is rooted in ourselves but it is there. We should always judge ourselves back why I disliked him is it
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