A Price Developed in the Consumer's Mind Through Experience with the Product

question 61

Multiple Choice

A price developed in the consumer's mind through experience with the product is called a(n)

• A) external reference price.
• B) value-price guideline.
• C) frame of reference.
• D) internalized price.
• E) internal reference price.

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Definitions:

Hazardous Air Pollutants

Substances in the air that can cause harm to the environment or health of humans.

Clean Air Act

A comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources to protect public health and the environment.

Environmental Impact Statement

A document prepared to describe the effects proposed projects will have on the environment, assessing both the positive and negative impacts.

National Park Service

A federal agency in the United States tasked with managing national parks, monuments, and other historical sites.