Customer-Perceived Value Is Determined by a Customer's ________ of the Difference

question 34

Short Answer

Customer-perceived value is determined by a customer's ________ of the difference between all benefits and all costs of a market offering relative to those of competing offers.

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Definitions:

Money Wages

The nominal wage rate, which is the amount of money paid per hour, day, or work unit, before adjusting for inflation.

Prestigious

Describes having high status, respect, or esteem derived from proven success, quality, or importance in a specific area or field.

Stressful

Pertaining to emotional or physical tension, often resulting from demanding circumstances or events.

Institutional Barrier

Structural obstacles created by societal norms, laws, or organizational practices that hinder access or participation.