"The perception of the benefits associated with a good, service, or bundle of goods and services in relation to what buyers are willing to pay for them" is the definition of
A)proportionality
B)competitiveness
C)value
D)equity

Question

Quizplus · Accepted Answer

The definition given is describing the concept of value. It is the perceived benefits of a good or service in comparison with the price that buyers are willing to pay for it. Proportionality relates to the size or amount of something in relation to other things, competitiveness refers to the ability of a business to compete in the market, and equity refers to fairness and justice in distribution and resource allocation.

"The Perception of the Benefits Associated with a Good, Service