Examlex
Which type of formative evaluation defines the standards for quality?
Price-prestige
The phenomenon where consumers perceive higher-priced goods to be of superior quality, leading to a positive correlation between price and the amount of prestige or status believed to be conferred by a good.
Promotional Mix
The combination of marketing tools used by a business to execute its promotional strategy, including advertising, sales promotion, public relations, and direct marketing.
Personal Selling
A direct marketing approach involving face-to-face sales presentations to potential buyers to persuade them to make a purchase.
Nonpersonal Selling
Marketing activities that do not involve face-to-face interactions, including advertising, social media marketing, and email marketing.
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