A customer attaches value to a product in proportion to what?
A) The price in a competitive framework.
B) Simple economics.
C) The products perceived ability to help solve problems or meet needs.
D) Income.

Question

Quizplus · Accepted Answer

Customers attach value to a product based on its perceived ability to solve their problems or meet their needs. This is why it's important for businesses to understand their target audience and their pain points in order to offer effective solutions that customers will find valuable. Price, economics, and income may also be factors, but they do not necessarily determine the perceived value of a product for a customer.

A Customer Attaches Value to a Product in Proportion to What