The quality a customer receives adjusted for the price a customer pays for a product is known as ________.
A) perception
B) dividend
C) loyalty
D) value

Question

Quizplus · Accepted Answer

The quality a customer receives adjusted for the price they pay is known as value. This concept is important for businesses to understand as customers will want to feel like they are getting a good deal for their money. By providing good value to customers, businesses can increase customer satisfaction, loyalty, and ultimately sales.

The Quality a Customer Receives Adjusted for the Price a Customer