Question $5$

$1$ pts

$[$Accuracy$]$ According to your book, which statement is most accurate?

A consumer's view of a product's value depends almost entirely on external assessments of quality.

Price plays a large role in assessing value but a very minor role in assessing quality.

For some products, price influences the perception of overall quality, and ultimately value, to consumers.

A consumer's view of value is a function of his or her education and income.

Price plays only a small part in a consumer's perceived value of a product or service.