BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify the factor based on the given explanation.As consumer perception increases, so will the price and vice versa
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Cost & Expenses
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Supply & Demand
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Consumer Perception
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Competition
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Government
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Explanation:
Detailed explanation-1: -In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.
Detailed explanation-2: -Definition: Perceived value pricing is that value which customers are willing to pay for a particular product or service based on their perception about the product.
There is 1 question to complete.