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).
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the price of this bill is $64669.58 in 60 days.
In this question the given things is:
a treasury bill has a face value of $65,000.
yield percentace = 3.05%
time = 60days
the price of this bill = a face value of a treasury- (a face value of a treasury *yield percentage * given time per year)
the price of this bill = $65,000 - $65,000*(3.05/100)*(60/360)
the price of this bill =$64669.58.
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I believe it’s solicit feedback
Answer : all of the above
I think this is the answer.
Because it proved legal aids it would be service