Match the Term with Its Definition

question 59

Essay

Match the term with its definition
a.80/20 Principle
b.Customer database
c.Customer segmentation strategy
d.Evaluative criteria
e.Evoked set
f.Perception
g.Perceptual categorization
h.Post-purchase dissonance
i.Recency-frequency-monetary analysis
j.Touch point
k.Transactional relationship
-The features or charactistics of a product or service that customers use afor comparison

Identify the meaning and characteristics of a transaction in a business context.

Understand the principles of debits and credits in accounting.

Comprehend the treatment and purpose of Equity Accounts in accounting.

Know how Customer Transactions are handled and documented in QBO.

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Definitions:

Product Variant

Different versions of a product that a company offers to meet diverse customer needs or preferences, such as size, color, or features.

Generic Competition

Competition between brands or products that are not differentiated by a patent or specific features, often based solely on price.

Product Variants

Different versions of a product that a company offers, differing in features, sizes, or other characteristics to satisfy various customer needs.

Product Attributes

The characteristics or features of a product, including quality, price, design, and brand name, which can influence consumers' buying decisions.