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:

Logical Button

Usually refers to an interface element in computing that performs a function based on a logic condition or user input, often depicted as a clickable area.

IFERROR

A function used in spreadsheet programs to return a specified value if the formula results in an error, and the formula's result if no error occurs.

Function Library

A collection of prewritten code organized in a software development environment, providing a set of functions or routines that perform common tasks or calculations.

Nest

To nest in computing refers to placing one or more elements, such as commands or functions, inside another element of the same type, creating a hierarchy.