The Ratio of Perceived Benefits to Price Is Referred to as

question 24

Multiple Choice

The ratio of perceived benefits to price is referred to as

• A) the price-quality relationship.
• B) customer-value pricing.
• C) value-added pricing.
• D) value analysis.
• E) value.

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Definitions:

Voluntary Action

An act done by choice or free will, without external compulsion.

Fiduciary Relationship

A trustworthy legal and ethical connection where the fiduciary is responsible for acting in the utmost interest of the principal or beneficiary.

Executor

An individual appointed to administer the estate of a deceased person in accordance with their will.

Holographic

Relates to a will or other document written entirely in the handwriting of the person whose signature it bears.