Which of the Following Statements Is True About Perceived Value

question 71

Multiple Choice

Which of the following statements is true about perceived value?

• A)A single perceived value exists in the marketplace.
• B)When the price of a product is higher than the perceived value,it is known as value pricing.
• C)Perceived value is always relative.
• D)Perceived value is standard across customers with similar purchasing power.

---

Definitions:

Scalar Chain

Scalar chain refers to the formal line of authority and communication that runs from the top management to the lowest ranks within an organization.

Formal Chain of Command

A structured hierarchy within an organization where orders and information flow from top-level management down to the lower levels.

Legal Formation

The process of establishing a business or organization within the framework of legal regulations, including incorporation, partnership formation, etc.

Labor Unions

Organizations formed by workers to protect their rights, improve working conditions, negotiate wages, and address grievances with employers.