Perceived Value Refers to the Gap Between Actual Needs and Satisfied

question 15

True/False

Perceived value refers to the gap between actual needs and satisfied needs of a customer.

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Definitions:

Wasted

Resources or potential that is not effectively utilized or is discarded without beneficial use.

Tankless

Refers usually to water heaters that do not store hot water but heat it instantly on demand.

Instant

Occurring or done immediately and without delay.

Life Cycle Cost

The total cost of ownership of a product or system over its entire life, including initial purchase, operation, maintenance, and disposal costs.