The Five Product Levels Constitute a ________

question 69

Multiple Choice

The five product levels constitute a ________. At each level more customer value is added.

• A) product line
• B) business model
• C) customer value-hierarchy
• D) value grid
• E) demand chain

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Definitions:

Consumption

The use of goods and services by households, constituting one of the primary components of aggregate demand in an economy.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Permanent Income Hypothesis

A theory suggesting that an individual's consumption at a point in time is determined by their expected lifetime income, not just their current income.

Consumption

Consumption involves the use of goods and services by households, and it's a primary component of economic activity.