Question

Although consumers may have fairly good knowledge of the range of prices involved, very few can accurately recall specific prices of products. Select one: True False

Answer 1

Answer:

The statement is true

Explanation:

The statement is true as the consumers have good knowledge or idea for the range of the prices involved but very few of them could accurately recall the particular prices of the products.

It is because there are so many products of the same item but the difference is their quality, their manufacturer and difference in their prices. Due to which the consumer could not able to accurately recall the prices of the products.