Consumers use price as an indicator of the quality of a product,especially when consumers have a substantial degree of knowledge about the product.

Name: Consumers use price as an indicator of the quality of a product,especially when consumers have a substantial degree of knowledge about the product.
Brand: Quizplus
Rating: 5.0 (39 reviews)

Question

Quizplus · Accepted Answer

Consumers often use price as an indicator of quality when they have limited knowledge about the product, not when they have substantial knowledge.

Consumers Use Price as an Indicator of the Quality of a Product,especially