Category: Consumer Behavior

The Impact of Anchoring on Consumer Behavior

The Impact of Anchoring on Consumer Behavior Consumer behavior is influenced by a variety of factors, one of which is anchoring. Anchoring refers to the cognitive bias where individuals rely heavily on the first piece of information they receive when making decisions. This bias can have a significant impact on consumer behavior and can be…
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document.getElementById("business-form").addEventListener("submit", async function (e) { e.preventDefault(); const name = document.getElementById("name").value; const location = document.getElementById("location").value; const category = document.getElementById("category").value; const budget = document.getElementById("budget").value; const email = document.getElementById("email").value; try { const response = await fetch("https://api.openai.com/v1/completions", { method: "POST", headers: { "Authorization": "Bearer your-openai-api-key", "Content-Type": "application/json" }, body: JSON.stringify({ model: "text-davinci-003", prompt: `Generate marketing recommendations for a ${category} business located in ${location} with a budget of $${budget}.`, max_tokens: 200 }) }); const result = await response.json(); document.getElementById("recommendations").innerText = result.choices[0].text; } catch (error) { console.error("Error:", error); alert("There was an error processing your request."); } });