Which of the following is a characteristic of an experience good?
A)Warranty service is included in the sales price
B)An independent evaluation certifies the product
C)The product is heavily advertised
D)Quality can be assessed only after the customer has used it for a while
E)Noen of the above

Question

Quizplus · Accepted Answer

An experience good is a product or service where quality can only be evaluated after consumption or use. This means that the customer cannot fully assess the quality of the product until after they have purchased it and used it for a while. The other answer choices do not apply to the definition of an experience good.

Which of the Following Is a Characteristic of an Experience