Question: Question 9 (4 points) How does a high-price strategy potential affect the customer's view of the product or service? A high price will set up

Question 9 (4 points) How does a high-price

Question 9 (4 points) How does a high-price strategy potential affect the customer's view of the product or service? A high price will set up the customer with a high expectation of value The customer will intrinsically be more willing to purchase the product or service A high price will inspire more customers to make an initial purchase The customer will view the price of product or service in relation to the competition Question 10 (4 points) Which of the following is NOT a risk of utilizing a low-price strategy for your small business? The customer will associate the price with value Competition can easily duplicate your pricing model Customer loyalty will be based exclusively on low price The customer has an increased value expectation

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