One of the Reasons Used to Explain Why Customers Evaluate

question 6

Multiple Choice

One of the reasons used to explain why customers evaluate goods and services differently is:

• A) The degree of customer empowerment used to sell services
• B) How services and goods influence opportunity costs
• C) That customers often have limited reference prices for services
• D) The increased customer autonomy in the pricing of goods
• E) The cost of maintaining inventory

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Definitions:

Price Gouging

The act of charging excessively high prices for goods or services, usually during times of emergency or shortage.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

T-Shirts

Casual shirts made of fabric, typically having short sleeves and no collar, popular for everyday wear.

Economic Grounds

The basis or rationale for decisions or actions based on financial or economic factors.