Which of the Following Is Not True? to Increase Value

question 38

Multiple Choice

Which of the following is not true? To increase value, an organization must

• A)decrease price or cost while holding perceived benefits constant.
• B)hold perceived benefits constant while increasing price or cost.
• C)increase perceived benefits while holding price or cost constant.
• D)increase perceived benefits while reducing price or cost.

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Definitions:

Fashion Models

Individuals primarily engaged in showcasing clothing and accessories as part of the fashion industry.

Rapidly

Occurring in a short time or at a fast pace.

Maximizing

The strategy of seeking the best possible outcome or the highest possible utility when making a decision.

Availability Heuristic

A cognitive bias that causes people to overestimate the probability of events associated with memorable or vivid examples.