Which of the Following Statements Is Most Accurate

question 11

Multiple Choice

Which of the following statements is most accurate?

• A)For some products,price influences the perception of overall quality,and ultimately value,to consumers.
• B)A consumer's view of a product's value depends almost entirely on external assessments of quality.
• C)A consumer's view of value is a function of his or her education and income.
• D)Price plays only a small part in a consumer's perceived value of a product or service.
• E)Price plays a large role in assessing value but a very minor role in assessing quality.

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Definitions:

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to factors like superior quality, cost structure, customer service, or innovation.

Cardiac Devices

Medical instruments or implants designed to support heart function, monitor its activity, or correct heart-related disorders.

Business Portfolio Analysis

A method used by companies to evaluate their various business units or product lines to allocate resources effectively.

Strategic Business Units

Specialized, divisional units within a larger organization, focused on a distinct product line or market segment, with their own strategy and often their own profit-loss responsibility.