True/False

An electrical contractor wants a customer to select a $1,500 panel rejuvenation instead of a basic $800 repair. To apply the anchoring effect, the contractor should also present a $3,000 premium panel replacement option to establish a high reference price, making the $1,500 middle tier feel more reasonable by comparison.

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Updated 2026-04-30

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Electrician Business Operations

Running an Electrical Contracting Business Course