Suppose the Benchmark Competitive Product Has a Price of $300,costs

question 26

Multiple Choice

Suppose the benchmark competitive product has a price of $300,costs $200 to install,and averages $500 in usage and maintenance costs.Your product is priced at $400,costs $100 to install,and averages $400 in usage and maintenance costs.In this situation,the economic value of your product over the benchmark competitive product is ________.

• A)-$200
• B)-$100
• C)$0
• D)$100
• E)$200

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Definitions:

Mutually Beneficial Exchange

An interaction or transaction that provides value or advantage to all parties involved.

Brand Socialization

A measure of how effectively a company engages with its various online stakeholders in a mutually beneficial exchange of information.

Communities of Practice

Groups of people who share a concern or a passion for something they do and learn how to do it better through regular interaction.

Communities of Interest

Groups of people who share a common interest, passion, or goal, and come together to share information and ideas.