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What characteristics should you prioritise the most when looking for a new laptop to buy?
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- Which of the following are not eligible to be considered for the Malcolm Baldrige Award? Multiple Choice Educational institutions State highway patrol organizations Health care organizations Small businesses UniversitiesWhat could make a laptop and an Ipad high involvement purchases? What kind of situations or consumers could feel this purchase as low-involvement purchase?When looking to purchase a new laptop, what aspects should you prioritize?
- What is meant by bounded rationality?3. Which of the following negative perceptions might come from choosing to price a product too low? Choose all that apply. Group of answer choices Buying this product will make me look cheap to my friends who all have spent more money. The product is of low manufactured quality. This company just wants to make a lot of money. Buying this product would make me look pretentious — like a rich snob — trying to show off my money. This product isn't worth the price they're asking for it. The consumer cannot trust the product to deliver all the value it claims to give them.How might a small business or entrepreneur find the Customer Lifetime Value concepts useful in making decisions?