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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Being a customer advocate is a major factor underlying repeat sales.
If you always vouch for your customers, and try to provide them with goods of best quality, they will be more likely to buy more of your stuff and always return to your company for products. Thus, it is good to be on friendly terms with your customers.
Answer:
Dividend paid during the year will be $55000
So option (B) will be the correct answer
Explanation:
We have given dividend declared during the year=$60000
Dividend payable at the beginning of the year=$20000
Dividend payable at the end of the year=$25000
We have to find the dividend paid during year
Dividend paid during the year=Dividend payable at the beginning of the year+ Dividend declared during the year-Dividend payable balance at the end of the year
Dividend paid during the year=$20000+$60000-$25000=$55000
So option (b) will be the correct answer
In accounting, cash receipts refer to the record of the sales made in a form of cash, therefore, credit sales are not included in this record. When we say sales made on account, this refers to credit sales. Therefore, the answer to the given statement above is FALSE.
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