How Do Consumers Use Price as an Indicator of Value

question 98

Essay

How do consumers use price as an indicator of value?

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Definitions:

Gauge

An instrument or device for measuring the magnitude, amount, or contents of something, typically with a visual display of such information.

Power Line Carrier

A communication method that uses electrical distribution lines for transmitting data over long distances.

Multiplexing

Used to describe data bus systems in which two or more controllers communicate with each other; reduces system hard wire and components while optimizing chassis performance.

Data Bus

Multiplex backbone consisting of a twisted wire pair.