Airline seats are a good example of a product whose value varies by market segment.

Question

Quizplus · Accepted Answer

Airline seats can vary in value based on factors such as the time of day, day of the week, location, and demand. For example, a business traveler may be willing to pay more for a seat with extra legroom and better amenities than a budget-conscious tourist. Similarly, seats on a flight to a popular vacation destination during peak travel season may be priced higher than seats on a less popular route during off-peak times. Therefore, airline seats are a good example of a product whose value varies by market segment.

Airline Seats Are a Good Example of a Product Whose