When a Consumer Considers a Product or Service,he or She

question 61

Multiple Choice

When a consumer considers a product or service,he or she will choose whichever product or service delivers the highest ________.

• A) customer-perceived value
• B) customer-perceived cost
• C) consumer discount
• D) consumer relationship
• E) consumer synergy

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Definitions:

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or the person/entity named on it.

Interest Act

A law governing the calculation and payment of interest due on debts or loans, to prevent usury and unfair practices.

Contracts

A legally binding agreement between two or more parties that outlines obligations and rights concerning services, goods, or other matters.

Consumer Protection Legislation

Laws and regulations designed to ensure the rights of consumers and fair trade, competition, and accurate information in the marketplace.