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What is Decoy Effect? Explanation with Example

What is Decoy Effect? Explanation with Example The decoy effect, popularly known as the asymmetrical dominance effect with economists, is a phenomenon where people tend to have a change in preference...

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Marketing Examples of the Decoy Effect

We talked about the Decoy Effect and how Marketing Managers use it to mould consumer mindset the way they want in a previous post – What is Decoy Effect? Explanation with Example It’s time that we see...

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Product Strategies for Rural Market – Indian Perspective

Product Strategies for Rural Market – Indian Perspective A prime need for any firm to emerge as a strong player in the rural market is by carefully identifying gaps in the rural market and crafting...

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GD Topic : Should Indian Government Implement GST (Goods & Services Tax) ?

Background of GST (Goods and Services Tax) GST has been proposed in the Indian Parliament few months back and economists are deep diving to study its implications and feasibility of implementation...

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