Which of the following factors is important in managing perceived value? a. Perception sometimes doesn’t reflect reality. b. Value is a nebulous concept to most people. c. Different customers have different perceptions. d. Competitive pricing is a major determinant of value.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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QUESTION 31

Which of the following factors is important in managing perceived value?

a.
Perception sometimes doesn’t reflect reality.

b.
Value is a nebulous concept to most people.

c.
Different customers have different perceptions.

d.
Competitive pricing is a major determinant of value.

 

Your friend Kevin just bought a shirt and tie that you think are ridiculous, and you need to tell him politely that they just won’t work. You think back quickly to what you know from marketing about the customer experience. Which of the following would NOT be considered an individual influence of the customer experience that can help you figure out what to say?

a.
You know the store where he purchased it would exchange the shirt and tie if he explained why he needs to return it.

b.
You know he is old enough to make purchases on his own

c.
You know he can afford it.

d.
You know he is single and does not live with his family who might give him advice.

 

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