The Ratio of Perceived Benefits to Price Is Referred to as

question 24

Multiple Choice

The ratio of perceived benefits to price is referred to as

• A) the price-quality relationship.
• B) customer-value pricing.
• C) value-added pricing.
• D) value analysis.
• E) value.

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Definitions:

Price Weighted Index

A stock market index in which each company's stock influences the index in proportion to its price per share.

Adjustable Rate Mortgage

A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan according to market conditions.

Fixed Rate Mortgage

A mortgage in which the interest rate remains constant throughout the term of the loan.

Interest Rate

is the cost of borrowing money or the return on investment in a savings account, usually expressed as a percentage of the principal over a period of one year.