What Are the Benefits and Features Associated with a Product

question 62

Multiple Choice

What are the benefits and features associated with a product called?

• A) Product features
• B) Benefits
• C) Service
• D) Convenience benefit
• E) Value package

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Definitions:

Corridor Principle

The idea that opportunities become available to an entrepreneur only after the entrepreneur has started a business.

Windows of Opportunity

Specific time periods during which a certain action can be taken or an event can occur, often leading to new possibilities or success.

Secondary Opportunities

Secondary opportunities refer to additional chances or prospects that arise from the initial set of circumstances or activities, potentially leading to more benefits.

Prior Work Experience

The employment history and professional background of an individual before applying for a new job or position.