A Price That Develops in the Mind of a Buyer

question 34

Multiple Choice

A price that develops in the mind of a buyer through experience with the product is known as:

• A)an internal reference price.
• B)a value-conscious price.
• C)an external reference price
• D)a prestige-sensitive price.
• E)a demand-based price.

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Definitions:

Euphemisms

Mild or indirect words or expressions used to replace those considered too harsh or blunt when referring to something unpleasant or embarrassing.

Vague Language

Language that is not clear or detailed, often intentionally so, to avoid providing specific information.

Clothing Line

A collection of clothing items released by a designer or brand, often for a specific season.

Marc Ecko

An American fashion designer, entrepreneur, and artist known for his clothing line and involvement in various media and entertainment sectors.