Consumers Are Less Likely to Use Price to Judge the Quality

question 68

Multiple Choice

Consumers are less likely to use price to judge the quality of a product when they ________.

• A) have never tried the product before
• B) have little knowledge of the brand
• C) have experience with the product
• D) are shopping for luxury items
• E) cannot physically examine the product

---

Definitions:

Interest

The charge for borrowing money, usually expressed as a percentage of the amount borrowed.

Future Value

The estimated worth of an investment or amount of money at a specific future date, taking into account factors like interest rates or investment growth.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Concept

An abstract idea or a general notion that forms the foundation of a project, strategy, or theory.