Can loyal consumers (VLC) be offered quality products and services at premium rates when the consumer segment's demand is high? Can they be allowed less service if their VLC is low? Justify.

Q: Can a company like Priceline.com sell low-priced items such as groceries and telephone calls?

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Why is the cost of serving a long-standing customer far less than the cost of acquiring a new…

A: Customer retention signifies the process by which business firms are able to retain its clients for…

Q: Do you need suppliers to be more responsive to your needs?

A: To determine: Suppliers to be more responsive to the needs of consumers.

Q: How do the life cycle hypothesis and the permanent-income hypothesis resolve the apparent…

A: The racial income gap and wealth gap are examples of the ways in which race is used to create and…

Q: The amount of a good that buyers are willing and able to purchase at a given price.

A: Consumer theory is the theory that deals with determination of a point at which a consumer maximizes…

Q: does poverty have an effect on juvenile deliquency?

A: Yes, poverty has an effect on juvenile delinquency. Poverty is a major repeating factor of juvenile…

Q: Sources of information available to a buyer when seeking information about potential sources of…

A: A basic economic concept called supply refers to the total amount of a particular good or service…

Q: Which products are for you not price sensitive, so that you would buy them even if the price…

A: Price sensitive refers to the situation where the changes in price leads to affect the quantity of…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: Discuss the relationship of price to consumerperceptions of quality.

A: Customer perception is important in many areas, including customer understanding, communications and…

Q: At a price of $100, domestic consumers demand how many boxes of contacts?

A: Demand is an economic theory that refers to a consumer's desire to buy products and services as well…

Q: Utility equals satisfaction true or false

A: The concept of utility is used to analyse consumers' tastes.

Q: What would be required for consumers to have the necessary knowledge about a product and how it was…

A: Information Asymmetry is defined as a hazard to an economy. This is because it creates a lack of…

Q: What is the right amount of variety? Can there be too many varieties of shoes?

A: The monopolistic competitive markets sell differentiated good and this concept of the differentiated…

Q: There is an increased consumer preference for tea. How will this impact the market for tea?…

A: The law of demand illustrates the relationship between price and quantity demanded of a good.…

Q: Customers who are concerned with long-term availability of a product or service are focused on which…

A: When considering a long term purchase, the consumer is concerned about various factors. The consumer…

Q: It is a set of those combination of two goods which offer the consumer the same level of…

A: The consumers are considered to be one of the most important entity in an economy. The consumers…

Q: Which is more important to you, health or unlimited supply for your wants

A: Supply: It refers to the goods and services supplied in the economy to fulfil the demand of people…

Q: Describe several ways in which consumers are less than free in making choices about which products…

A: The question aims to explore the various factors that limit the freedom of consumers in making…

Q: dentify an experience good. Identify a search good. How does the retailing of the experience good…

A: Experience goods are considering to those goods whose valuation cannot be done before buying that…

Q: Conditions for market effiency

A: Market efficiency not necessarily be market price be equal every point of time. it should be free…

Q: Outline the six steps in the consumer decision process.

A: The consumer decision-making process refers to how the consumer identifies his needs, collects…

Q: T/F There is a direct relationship between the price of a product and it's supply.

A: When all other circumstances are held constant, supply is the quantity of an item or service that…

Q: why is that quality delivery and price expectations of the customer should be considered in the…

A: When talking about transformation process, it refers to the process of substitution one or more…

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.