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Of two products the cheaper one has poor quality while the slightly costlier one is more reliable. Customers choose the second. Which myth does this disprove?

Answer and explanation

Correct answer: Customers always choose only the lowest price

Customers consider quality service and trust along with price. In exams do not treat low price as the only purchase factor.

Related tags

Price MythCustomer ChoiceQualityReliabilityMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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