1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
avanturin [10]
3 years ago
12

A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un

forgettable experience. The product itself must live up to these expectations.
Business
1 answer:
nlexa [21]3 years ago
3 0

Answer:

Differentiation.

Explanation:

The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.

The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.

Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.

Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.

You might be interested in
In terms of the tax formula applicable to individual taxpayers, which of the following statements, if any, is correct?
creativ13 [48]

Answer:

The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.  

Explanation:

In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.

In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.

The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.

7 0
3 years ago
how can networking with friends, colleagues, and members of organizations assist you in your quest to become who you want to be?
polet [3.4K]
Networking with your friends, members of organizations and co-workers can assist a person to get the job they want or move up in their current job. Networking can help a person get into the right circles and meet new people. This will help you meet the right connections to better yourself with a new job or even move up the ladder in your current job. You can also have business cards made and give them to co-workers, friends, and family to pass around for you. You can also use people in your already completed circle of friends to use as a mentor. This will help you become the person you want to be in life. 
8 0
3 years ago
Chloe Closson paid for her vacation to the mountains with a $3,000 installment loan at 10% for 12 months. Her monthly payments w
erastova [34]
If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00 

However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.

But the question is how much will she save? To get the answer just follow this:  3165.00 - 3086.95 = $78.05 

Therefore, Chloe saves $78.05 
7 0
3 years ago
With regard to a futures contract, the long position is held by a. the trader who plans to hold the contract open for the length
vfiekz [6]

Answer:

The answer is e. the trader who commits to purchasing the commodity on the delivery date.

Explanation:

The long position in a forward position agrees to buy the stock when the contract expires. The long futures position is an unlimited profit, unlimited risk position that can be entered by the futures speculator to profit from a rise in the price of the underlying

7 0
2 years ago
What is the future value of your money
GalinKa [24]
Future value<span> is the </span>value<span> of an asset at a specific date. It measures the nominal</span>future<span> sum of </span>money<span> that a given sum of </span>money<span> is "worth" at a specified time in the</span>future<span> assuming a certain interest rate, or more generally, rate of return; it is the present </span>value<span> multiplied by the accumulation function.</span>
4 0
2 years ago
Read 2 more answers
Other questions:
  • Which financial statements are required for proprietary funds?a) Statement of Net Position; Statement of Revenues, Expenses, and
    12·1 answer
  • Lewis is the manager of the marketing department at his company. Some of his colleagues are also his friends. Lewis often lets h
    15·1 answer
  • Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t
    12·1 answer
  • A sequence of organizations that directs a product from the producer to the ultimate user is called a(n) _____.
    9·1 answer
  • Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its preferred stock for the year. At y
    7·2 answers
  • When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
    12·1 answer
  • Waterway Company purchased a machine on July 1, 2021, for $33,320. Waterway paid $238 in title fees and county property tax of $
    5·1 answer
  • The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
    6·1 answer
  • Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information
    7·1 answer
  • In the project initiation phase, which document contains high-level details of the proposed project?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!