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1 . Imagine that a market research interviewer asked you t o report the price you would expect t o pay for some consumer items.

1. Imagine that a market research interviewer asked you to report the price you would expect to pay for some consumer items. For each of the following items, give the price or price range you would expect to pay. Then describe the role (if any) played by each of the three sources of price-level knowledge discussed in the chapter in arriving at each estimate.
(a)A15-ounce bottle of Suave shampoo
(b)An oil change at Jiffy Lube
(c) A pair of Nike sneakers
(d) A Weber gas grill
2. A computer manufacturer who sells personal computers through catalogs and the Internet has low prices but is frustrated that price awareness in the category is low. What price format and price structure decisions can this manufacturer make to increase price awareness in this product category?

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