Which of the following statements is true about perceived value?
A) A single perceived value exists in the marketplace.
B) When the price of a product is higher than the perceived value, it is known as value pricing.
C) Perceived value is always relative.
D) Perceived value is standard across customers with similar purchasing power.
C
You might also like to view...
The invention of a machine to make plastic corks for wine bottles has severely affected companies that produce traditional cork. The invention of the machine for making plastic corks is an example of a(n) ______ advancement.
A. market B. social and political C. technological D. demographical E. economic
Researchers have worked on modeling the phases of negotiation. The various models fit into a simple structure of three phases, or stages. What are those three phases?
What will be an ideal response?
The Enhanced Products Division of Forrest Industries makes ceramic pots that are used to hold large decorative plants. During the current year, the division produced 10,000 pots and incurred the following costs:
*The equipment was purchased last year for $150,000 and has a current book value of $120,000, remaining useful life of four years, and a zero salvage value. If the equipment is not used to produce ceramic pots, it can be leased for $8,000 per year.**Includes supervisors' salaries and rent for manufacturing plant.Required:1) Assume Evergreen Industries uses a cost plus pricing strategy. What price should be charged for the ceramic pot product if
the division sets its price 40 percent above the unit product cost?2) A potential overseas customer who would not compete with the division's existing customers would like to purchase 1,000 ceramic pots but is not willing to pay the regular price. At what selling price would the division be indifferent about accepting the special order?3) Suppose the division has the opportunity to purchase the ceramic pot from another manufacturer for $60.The supplier is willing to hold sufficient inventories to meet Evergreen's demand. Should the division outsource its ceramic pots? Why or why not? What will be an ideal response?
In which of the following areas of constitutional law is the nexus test used?
A) State police powers B) State regulation of commerce C) State taxation of commerce D) All of the above areas use the nexus test.