Nora is deciding whether to purchase brand-name sneakers or a less expensive store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer

Question

Clara Hoover

Business

23 March, 20:49

Nora is deciding whether to purchase brand-name sneakers or a less expensive store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer

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Answers (1)

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Hana Mercer · Answer 1

Answer: Greater perceived value

Explanation: In simple words, perceived value refers to the merits that a product has in the eyes of customers and the ability of a product to satisfy its customers.

In the given case, Nora was not satisfied with the brand due to her past experiences therefore she will go with the other store as she will receive more benefit from it.