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Sergeeva-Olga [200]
3 years ago
8

Which of the following types of business environment is MOST typical of the Commonwealth Caribbean

Business
1 answer:
charle [14.2K]3 years ago
3 0
Which of the following types of business environment is MOST typical of the Commonwealth Caribbean area?
a) Corporate state
b) Mixed economy
c) Centrally planned
d) Perfectly competitive


Answer is b) Mixed economy
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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.

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  • As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).
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  • On the other side, cheap prices could imply that the item is of subpar quality.

<h3>What is consumer perception of price?</h3>
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