Asked by Katey Dotson on May 09, 2024
Verified
When considering a product, consumers typically look for the cheapest product available.
Cheapest Product
The item or service offered at the lowest price among a range of products.
- Recognize the determinants affecting the decision-making process of consumers, including product quality, pricing, and perceived value.
Verified Answer
HS
Hamza SheikhMay 14, 2024
Final Answer :
False
Explanation :
Consumers consider a variety of factors including quality, brand reputation, features, and personal preferences, in addition to price, when choosing a product.
Learning Objectives
- Recognize the determinants affecting the decision-making process of consumers, including product quality, pricing, and perceived value.
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