The thought that buying product would not be worth of the paid price is classified as?
Correct answer: B. financial risk
- A. functional risk
- B. financial risk
- C. attitude risk
- D. factor risk
Explanation
Financial risk is the concern that the product will not provide value equal to the money paid for it. Functional risk concerns whether the product will perform as expected, not whether it is worth its price.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The sales frequency of product represents the______________?
The perceptual process in which customers notice price deviation as stimulus is classified as_________?
The minor stimuli that determines when and where customer responds is classified as__________?
The cost of the product that can be added to other large purchase of the product is classified as_____________?
In the buying process, the group that have direct impact on customers is classified as____________?
The customers who are less averse tend to overweight the product failure with___________?