A product could be priced relatively low for a product class because it offers value in the form of acceptable quality at a low price. This statement is best exemplified by
A) Hyundai cars and private label canvas shoes.
B) Porsche cars and Nike Air Jordan shoes.
C) Honda Accord and Keds tennis shoes.
D) Porsche and private label canvas shoes.

Question

Quizplus · Accepted Answer

A product could be priced relatively low for a product class because it offers value in the form of acceptable quality at a low price. This statement is best exemplified by Hyundai cars and private label canvas shoes.

A Product Could Be Priced Relatively Low for a Product