What is the best way to reflect on any recent purchase. How would you argue why the product was worth the price that was paid. How would you counter argument someone who believes the price does not reflect the value of the product. In the arguments, indicate whether the product has monetary or psychological value, or both, and the influence this value had on the purchasing decision.
Do you know how to evaluate how the company selected has or has not effectively divided its respective market into segments in order to maximize profits. Provide two suggestions to the company to aid it in maximizing its profits.