Explain why a customer who got a free trial of a product


Problem

Many companies give customers a free trial, a short period during which customers can use the product for free. Based on Prospect Theory, explain why a customer who got a free trial of a product would be more willing to purchase the product than someone who did not get a free trial of a product (the purchase price would be the same for both groups). In your answer, be sure to explain what each group sees the reference point as.

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Marketing Management: Explain why a customer who got a free trial of a product
Reference No:- TGS03286998

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