Question: I have an assignment that is asking: if price = value/quality, and I lower price what happens to quality. Please explain how this might be

I have an assignment that is asking:

"if price = value/quality, and I lower price what happens to quality." Please explain how this might be an important point for hospitality managers to realize when offering discounts and low rates.

Should the answer be that by lowering the price you are also lowering the value and quality? Or am I doing this wrong?

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