Legally and technically, property is defined as.
a. Freehold Estates.
b. Things which are owned by buyers and sellers.
c. Rights or interest which a person has in the thing that is owned.
d. Only personal property.
Answer: c. Rights or interest which a person has in the thing that is owned.
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Internal reference prices are formed from advertising, past purchasing experience, and so on, and are often called ________ because the customer considers them the actual prices of the products in a category
A) competitive prices B) perceived prices C) price points D) ceiling prices
If the quality of a product or service is difficult to evaluate even after you have purchased and used the product or service, the product falls under the category of:
A) experience goods. B) shopping goods. C) convenience goods. D) credence goods.