Customers Must See Value in a Product or Service Before

question 79

Multiple Choice

Customers must see value in a product or service before they are willing to exchange time or money to obtain it,but not all customers see the same value in a product.To analyze how many units will be sold at any given price point,marketers draw on

• A) a demand curve.
• B) the law of averages.
• C) multiple regression analyses.
• D) target return strategies.
• E) a sales orientation.

---

Definitions:

Necessary Outcome

Necessary outcome refers to an effect or result that is certain to happen as a consequence of specific actions, conditions, or other outcomes.

Frederic Jameson

An American literary critic and Marxist political theorist known for his analysis of contemporary cultural trends and the concept of postmodernity.

Postmodern Society

A social order characterized by a diverse, decentralized, and often skeptical approach to narratives of progress, truth, and the concept of a unified social theory.

Waning of Emotion

A concept referring to the perceived decline or diminution of emotional intensity or engagement in certain aspects of modern life.