Value Can Be Defined as the _____ Benefits Received by a Customer

question 38

Multiple Choice

Value can be defined as the _____ benefits received by a customer firm in exchange for the price paid for a product offering.

• A)economic
• B)technical
• C)social
• D)all of the answer choices

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Definitions:

Financial Asset

A financial asset refers to any asset that is cash, a contractual right to receive cash or another financial asset from another entity, or a contractual right to exchange financial instruments with another entity under conditions that are potentially favorable.

Claim

A demand for something as due, often referring to a right to payment or other benefits.

Interest Rate Collar

A financial derivative strategy used to hedge interest rate movements by setting upper and lower limits on interest payments.

Variable Rate Loan

A loan where the interest rate can change over time, based on an underlying benchmark or index.