When Kalani went to buy a silk blouse for his wife, he decided to go to an upscale boutique and look for one. He was amazed when he entered the store. It looked more like an elegant living room where someone had casually arranged a few items of clothing in strategic locations. The sales clerk greeted Kalani by asking if would he like a cup of coffee and a freshly baked cookie. Before Kalani left, he had spent $200 for a blouse. The price seemed appropriate to Kalani because he perceived a strong relationship between price and:
A) demand.
B) supply.
C) promotion
D) product quality.
E) resource accumulation.
Correct Answer:
Verified
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