In This Situation,the Manager Has Set a Price That Is

question 79

Multiple Choice

In this situation,the manager has set a price that is higher than the target market is willing to pay.The customer looks at this situation as a bad deal and,unless the company has a monopoly or some other kind of market power,does not buy.Identify the situation.

• A)perceived value > price > cost
• B)price > cost > perceived value
• C)price > perceived value > cost
• D)perceived value > cost > price

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Definitions:

Characteristic IR Absorption

The specific frequency at which a molecule absorbs infrared light, indicative of particular bonds or functional groups within the molecule.

C-H Stretch

A vibration in infrared spectroscopy indicating the presence of C-H bonds, useful in identifying organic compounds.

Alkanes

Hydrocarbons containing only single carbon-carbon bonds, characterized by their saturated nature.

O-H Stretch

A vibrational mode observed in infrared spectroscopy, characteristic of the stretching of the O-H bond in molecules, indicative of the presence of alcohols or water.