Scarcity Principle
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
Moment of Truth (MoT) refers to any instance where a customer interacts with a brand, product, or service in a way that leaves a significant impression.
The dynamic system of content creation, distribution, and interaction within an environment.
Acquisition, Activation, Retention, Referral, and Revenue (AARRR) is a metrics framework for assessing user engagement and business performance.
A cognitive bias where people tend to believe that others are more affected by media messages and persuasive communications than they are themselves.
Cost Per Click (CPC) is an online advertising model where the advertiser pays each time a user clicks on their ad.
The study of how people acquire knowledge, skills, and behaviors through experience, practice, and instruction.
A strategy where an additional, less attractive option is introduced to make other pricing options look more appealing, often steering customers towards a particular choice.
A mathematical framework used to analyze strategic interactions where the outcomes depend on the actions of multiple decision-makers.