When considering a purchase decision, people generally buy one product or service instead of another because they perceive it to be a better value.

Answer the following statement true (T) or false (F)


True

People buy one product or service instead of another because they perceive it to be the better value for them; that is, the ratio of benefits to costs is higher for a particular product or service than for any other.

Business

You might also like to view...

Which of the following alliances/agreements is the United States NOT a part of?

A. NAFTA B. APEC C. GATT D. WTO E. MERCOSUR

Business

Is it logical that interest paid is classified as a cash outflow in the Operating Activities section of the statement of cash flows but that dividends paid are included in the Financing Activities section? Explain

Business

Answer the following statements true (T) or false (F)

1. In the hospitality industry, the service encounter is usually a manager-to-guest interaction. 2. Hospitality organizations try to estimate guest expectations accurately and then meet them. 3. The principles of guestology work better for serving guests than they do for serving customers of other kinds. 4. Most hospitality organizations can maintain sufficient inventory of the service products they sell.

Business

Which of the following is not an e-commerce public safety and welfare issue?

A. regulation of gambling B. regulation of cigarette sales C. regulation of pornography D. regulation of taxation

Business