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Shkiper50 [21]
2 years 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]2 years 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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When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of
Nostrana [21]

Answer:

A

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

If taxes are cut, disposable income increases and demand increases. this is an example of demand side

On the other hand, if a replacement project is undertaken, the demand for labour increases. this is an example of supply side

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

3 0
3 years ago
To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
Norma-Jean [14]

Answer:

$22,500

Explanation:

KL Corp

Cash ($15×$10,000 85%) $127,500

Compensation expenses ($15×$10,000×15%) $22,500

Common stock ($15×$10,000) $150,000

Therefore KL will record compensation expense associated with the May purchases of $22,500

3 0
3 years ago
Airbase is a consumer electronics company known for its affordable mobile devices that follows a cost-leadership strategy. In th
lapo4ka [179]

Answer: 4. a consumer electronics company popular among price-conscious customers.

Explanation: Companies who thread a cost-leadership strategy or path could be said to be 'price-centric', that is gives price huge cognizance and will strive to be a market or industry leader when it comes to giving best and most affordable prices on products.

Thus, since Airbase follows a cost leadership strategy and also popular among consumers for its affordable devices, it should also weigh or compare it's strategy to other consumer electronics company which is popular among consumers which gives cognizance to price of products they purchase.

5 0
3 years ago
A chain of parking garages recently offered customers the ability to pay for parking on their mobile phone instead of paying at
Fittoniya [83]

Answer:

Contact-less payment technology

Explanation:

In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.  

Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.  

7 0
3 years ago
Delta Company sells bells to customers for $1 each. The variable cost to manufacture the bells is 10 cents. If the rattle depart
kherson [118]

Answer:

C. $0.11

Explanation:

When there is excess capacity and there are no incremental fixed costs the break even transfer price would be the marginal cost of production. This is the least transfer price the Bells can sell to Rattle without making a loss. The most likely transfer price then would be $0.11 which allows the bells to cover their costs and also make 1 cent in profits. Option A, B and D would all be making losses where as Option E and F are two steep a price and may be unprofitable for rattle.

Hope that helps.

3 0
3 years ago
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