Customer Value Refers to

question 199

Multiple Choice

Customer value refers to

• A)the need of a customer to receive the highest quality product at the lowest possible price.
• B)the seeking of the least expensive product that will provide all of the most basic benefits within a product category.
• C)a statement that,before product development begins,identifies (1)a well-defined target market; (2)specific customers' needs,wants,and preferences; and (3)what the product will be and do to satisfy consumers.
• D)the unique combination of benefits received by targeted buyers that includes quality,convenience,on-time delivery,and both before-sale and after-sale service at a specific price.
• E)the cluster of benefits that an organization promises customers to satisfy their needs.

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Definitions:

Water Pollution

The contamination of water bodies (e.g., lakes, rivers, oceans, aquifers) with harmful substances caused by human activities, leading to detrimental effects on aquatic life and human health.

Hearing Damage

Impairment or loss of auditory function, often caused by exposure to loud noise, disease, or aging, affecting communication and quality of life.

DbA

An abbreviation for Doctor of Business Administration, a professional doctoral degree focusing on business research and management practices.

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A public park situated along a body of water, such as a river, lake, or ocean, often used for recreation and leisure activities.