Explain the distinction between intrinsic and associated value as discussed in this chapter. Use examples
What will be an ideal response?
Intrinsic value is the valuableness of the core product or service being sold. If a product (say, an automobile, appliance, tool, etc.) works properly and meets customer needs it will have appropriate intrinsic value. Associated value goes beyond the core product to encompass the entire customer experience with the company. An automobile, for example, may work fine but if the dealership fails to treat customers well, the associated value for the customer will suffer.
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An appraiser examines a building that is 25 years old. Because of superior upkeep, it has the condition of an 11 year old building. The appraiser may use the 11 year old age as the:
A. Actual Age B. Effective Age C. Numerical Age D. Physical Age
Under the Noerr doctrine two or more persons may petition the government to enact laws or
take other action without violating the antitrust laws. Indicate whether the statement is true or false