In 2012 J.C. Penney stopped offering coupons and lowered its prices instead. As a result, sales declined by 25 percent! Why? Because it ignored the power of the anchoring effect. Watch our video to find out how prevalent this psycho-sensory principle is in our everyday lives. For more information about our psycho-sensory facts, click here.
Where and How AI is Changing Marketing
Over the next five years, the use of AI in marketing is expected to grow to a whopping $108 billion, up from $10...