Explain Price Perception

question 35

Essay

Explain price perception. Why would a marketing manager choose to place a product in an upscale store?

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Definitions:

Tech World

Refers to the global industry and community involved in the creation, distribution, and management of technology and technological products, services, and innovations.

Platform Capitalism

The use of digital infrastructure that enables two or more groups (typically, users and providers of a service) to interact, which is the basis of the on-demand, sharing, and gig economies.

Benefits

Advantages or positive outcomes that arise from a particular course of action, providing value to individuals or organizations.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the specific purpose of increasing the effectiveness and efficiency of the organization.