Which of the following statements is true regarding consumers' reliance on the price-quality relationship?

Which of the following statements is true regarding consumers' reliance on the price-quality relationship?



a. Consumers are always willing to pay more for a product to have higher levels of product quality.

b. Consumers often associate higher prices with lower levels of product quality.

c. Consumers are more likely to rely on the price-quality relationship when they cannot judge the quality of the product themselves.

d. Consumers are more likely to rely on the price-quality relationship when they are making purchases via the Internet.



Answer: c. Consumers are more likely to rely on the price-quality relationship when they cannot judge the quality of the product themselves.


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