GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Identify the factor based on the given explanation.As consumer perception increases, so will the price and vice versa
A
Cost & Expenses
B
Supply & Demand
C
Consumer Perception
D
Competition
E
Government
Explanation: 

Detailed explanation-1: -The biggest influence on consumer perceptions is their experience with your company. This covers everything from the quality of service they receive to the value that they feel that they get from your product or service. Consistency also plays a big part here.

Detailed explanation-2: -These factors are namely Psychological, Social, Cultural, Personal, and Economic factors.

Detailed explanation-3: -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-4: -Customer reviews. Ninety-three percent of customers read online reviews before purchasing. Marketing. It’s likely not a big surprise that the way you showcase your brand through marketing has a big impact on how customers perceive you. Company values. Customer support quality. 23-Jan-2023

There is 1 question to complete.