Perception of Value

question 5

Multiple Choice

Perception of value:

• A)is what the manager believes should be charged for menu items.
• B)is used by managers in determining the type of production equipment to purchase.
• C)is what customers believe a menu item is worth.
• D)is a rating used by customers in choosing a new restaurant in which to dine.

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Definitions:

Feedback

Data on responses to a product or an individual's task execution, utilized as grounds for enhancement.

Negative

Characterized by the absence rather than the presence of a certain quality, or expressing or containing a denial or refusal.

Positive

Defined by having certain features or qualities, rather than lacking them.

Choices

The act of selecting between two or more possibilities.