Measuring ________ can be difficult.A company might conduct surveys or experiments to test this in the different products it offers.
A) price elasticity
B) the demand curve
C) perceived value
D) break-even pricing
E) quantity supplied

Question

Quizplus · Accepted Answer

Perceived value is a subjective measure that varies from individual to individual. As such, it can be difficult to measure accurately. Companies often use surveys or experiments to gain insight into what customers perceive as valuable in their products. Price elasticity and the demand curve are related to how price affects demand and are easier to measure using data. Break-even pricing and quantity supplied are more objective measures that can be calculated based on production costs and supply and demand.

Measuring ________ Can Be Difficult