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Shkiper50 [21]
1 year ago
14

Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's _______. a

. demand and supply attain the state of price equilibrium b. price is set too high in their minds c. demand is inelastic d. manufacturer gains very little profit from the product
Business
1 answer:
Mice21 [21]1 year ago
8 0

Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.

  • Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product.
  • As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).
  • Lower costs may help you win the sale if the customer feels like they are receiving a good deal.
  • On the other side, cheap prices could imply that the item is of subpar quality.

<h3>What is consumer perception of price?</h3>
  • Price perception is influenced by how well people comprehend and interpret price information.
  • One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).

Learn more about consumer perception of price brainly.com/question/7127830

#SPJ2

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marshall27 [118]

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

3 0
2 years ago
A 30-unit income-producing property has a sales price of $9 million. Annual gross income is estimated at $750,000. What's the gr
Cloud [144]

Answer:

12

Explanation:

Given that,

Sales price = $9 million

Estimated annual gross income = $750,000

The gross income multiplier is defined as the ratio of sales price to its effective gross income.

Therefore, the gross income multiplier is calculated as follows:

= (Sales price ÷ Estimated annual gross income)

= $9,000,000 ÷ $750,000

= 12

8 0
3 years ago
Oval Inc. just paid a dividend equal to $1.50 per share on its common stock, and it expects this dividend to grow by 4 percent p
Rainbow [258]

Answer:

e. 14.60%

Explanation:

The computation of Oval's cost of new common equity is shown below:-

Price of stock = Estimated dividends for next period ÷ (Required rate of return - Growth rate)

Dividend =  $1.50 × (1 + 4%)

= $1.56

Price of stock would be the price net of flotation cost

= $16 × (1 - 8%)

= $14.72

Required rate of return

= (1.56 ÷ 14.72) + 0.04

= 14.60%

8 0
3 years ago
The three "R's" of socially responsible business are "reuse," " recycle," and "____."
vagabundo [1.1K]

Answer:

Reduce

Explanation:

Reduce

Reuse

Recycle!

6 0
2 years ago
Read 2 more answers
The general willingness of consumers to purchase a product at various prices is __________.
Wittaler [7]
Demand.

If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one, as well as to move up in rank! :)
4 0
2 years ago
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