What a Price Means or What It Communicates to Customers

question 19

Multiple Choice

What a price means or what it communicates to customers is called

• A) reference.
• B) response.
• C) interpretation.
• D) internalization.
• E) signaling.

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Definitions:

Cognitive Skills

The mental capabilities that are involved in learning, thinking, reasoning, problem-solving, and memory.

Moral Skills

abilities that enable individuals to make ethical choices and act in ways that consider the welfare and rights of others.

Self-image

Self-image is an individual's mental representation of themselves, which includes perceptions of one's appearance, abilities, and worth.

Infant Demands

The needs and desires expressed by a baby, such as for food, comfort, and attention, which require response from caregivers.