When Customer Expectations Regarding Product Quality,service Quality,and Value-Based Price Are

question 128

Multiple Choice

When customer expectations regarding product quality,service quality,and value-based price are met or exceeded,_____ is created.

• A) a value line
• B) a quality rift
• C) planning excellence
• D) customer satisfaction
• E) expectation satisfaction

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Definitions:

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods.

Income

Income earned regularly from work or investments.

Budget Constraint

A limit on the consumption choices of individuals or firms based on their income and the prices of goods and services.

Bell Peppers

A variety of large, sweet pepper that comes in different colors, including red, yellow, green, and orange, and is used in cuisine worldwide.