In the FABV Approach, ________ Describe the Economic, Technical, Service

question 102

Multiple Choice

In the FABV approach, ________ describe the economic, technical, service, and social pluses delivered.

• A) features
• B) advantages
• C) benefits
• D) value
• E) macroenvironment

---

Definitions:

Corporate Profits

The earnings of a company after all expenses have been deducted from revenues, indicating the financial health and success of the business.

Procurement Agreement

A contract between two parties where one agrees to supply goods or services to the other, often used in business and government transactions.

Voluntary Enforcement

The practice of adhering to rules or agreements based on personal or organizational choice rather than legal obligation.

Labor Standards

Regulations and policies establishing minimum requirements for working conditions, including wages, working hours, safety, and health protections.