Why Do Consumers Tend to Gravitate Towards Non-Profit Firms When

question 7

Multiple Choice

Why do consumers tend to gravitate towards non-profit firms when evaluating credence goods?

• A)Consumers like giving to charities
• B)Non-profit firms charge lower prices
• C)Consumers can deduct some or all of the purchase price for tax purposes
• D)Non-profit firms offer goods and services not offered by for profit firms
• E)Consumers believe non-profit sllers will be less likely to skimp on quality for profit.

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Definitions:

Advantages and Disadvantages

The positive and negative aspects or outcomes associated with a particular choice or decision.

Organisation Members

Individuals who are officially part of an organization and contribute to its goals and objectives.

Knowledge Management

The systematic process of creating, sharing, using, and managing the knowledge and information of an organization to achieve its objectives.

Competitive Advantage

The unique attributes or capabilities that enable an organization to outperform its competitors, generating greater value for its stakeholders.