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With Reference to the Definition of Value, Loyal Customers Are

Question 111

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With reference to the definition of value, loyal customers are:


A) not concerned about the quality of a product if the price is kept constant.
B) willing to pay more for their products than switch to lower­cost competitors.
C) more price sensitive than consumers who switch brands.
D) low­value consumers who are of the opinion that low cost means high value.

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