When consumers examine products, they often compare an observed price to an internal price they remember. This is known as a(n) ________ price.

Question

When consumers examine products, they often compare an observed price to an internal price they remember. This is known as a(n) ________ price.
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The term for the internal price that consumers remember and compare to an observed price is known as a "reference" price. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to

p you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool

This problem has been solved

Similar Questions

When consumers examine products, they often compare an observed price to an internal price they remember. This is known as a(n) ________ price.

Which concept holds that consumers will favor the products that are easily available at an affordable price?

Products often become available at a zero price ______.Multiple choice question.only after an initial fee is paidwhen their expiration date approaches

Products often become available at a zero price ______.Multiple choice question.when their expiration date approachesonly after an initial fee is paid

Adding value to products and services sold to consumers in households for their personal or family use is known as .

1/3