Value is the perception by consumers that a band provides satisfaction greater than the cost incurred to acquire the product or service. T/F

Question

Guest

Business

4 August, 03:37

Value is the perception by consumers that a band provides satisfaction greater than the cost incurred to acquire the product or service. T/F

+4

Answers (1)

Know the Answer?

Dennis Dougherty · Answer 1

The correct answer is True.

Explanation:

The answer is not very simple to give; However, some experts in the field say that most people base their purchase decisions on "their perceptions about the value that different products or services provide"; which, overcomes the barrier of the lowest price or higher quality.

For this reason, today it has been widely reported that successful companies do not deliver products in exchange for a profit, but rather: Value in exchange for a profit.