A company that sells its product for a higher price than its competitor can offer a higher economic value to customers.

Name: A company that sells its product for a higher price than its competitor can offer a higher economic value to customers.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

This is because economic value is determined by the perceived benefits of a product relative to its price. If a customer perceives the benefits to be worth the higher price, then the product offers higher economic value.

A Company That Sells Its Product for a Higher Price