Business

Whether you're starting a new business, managing an existing enterprise, or simply interested in...

Business success often hinges on the "decoy effect," a pricing strategy where companies present a strategically priced inferior option to make another product seem more attractive, thus nudging customers toward a desired higher margin item. It's a subtle yet powerful aspect of consumer psychology used across industries, proving that sometimes, sales are less about the product and more about framing choices. Have you noticed this where you shop or during a service selection? Share your observations!

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