LAB 8.docx - 1 How many choices do people make in a given day What choices do you make each day In any given day people make about 70 choices These

LAB 8.docx - 1 How many choices do people make in a given...

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1. How many choices do people make in a given day? What choices do you make each day? In any given day people make about 70 choices. These choices differ from a wide variety from what cereal to eat, to what to watch on TV. Choices I make are what route to drive to school that day, and what to eat for dinner. 2. What is the "choice overload problem"? Choice overload problem is when a person has a lot of time available and several things they could be doing. This actually happened to me when doing the work for this class. I wanted it all done and I had the time, but did not know where to start. 3. Why do you think people have so many problems making choices? People have issues making choices because of the fear of making the wrong choice. You will find your life to be better if you don’t sit and think about these choices, but live in the moment. 4. What are the negatives to having too many choices?
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Unformatted text preview: The negatives to having too many choices are people not knowing what they want do do. This results in major amounts of stress and anxiety. 5. What are some ways that businesses can overcome the "choice overload problem"? Business can overcome the choice overload issue by focusing on important decisions and balancing the decisions that need to be made into a nice spread out schedule. What Consumers Want 1. What is customization? Customization is altering a product more to your liking. 2. What is the experience economy? The experience economy is when consumers learn the economy and manage business decisions and deals. 3. What does it mean for a product or service to be "real real"? When a product of service is real real that means it is the highest quality that is expected to be available for that product/service....
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