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QUESTION

1)Defend ONE of the following statements: ( IN 350 WORDS)Prices should reflect the value consumers are willing to pay. Prices should reflect only the cost of making a product or delivering a service

1)Defend ONE of the following statements: ( IN 350 WORDS)

  • Prices should reflect the value consumers are willing to pay.
  • Prices should reflect only the cost of making a product or delivering a service. 

2)Think of your favorite stores. ( IN 350 WORDS)

  • What do they do that encourages your loyalty? 
  • What do you like about the in-store experience? 
  • What further improvements could these stores make? 
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