Value Consists of

question 7

Multiple Choice

Value consists of

• A) A product's proprietary characteristics and by its attributes for which customers are willing to pay.
• B) A product's performance characteristics and by its attributes for which customers are willing to pay.
• C) A product's proprietary characteristics and by its attributes for which customers consider paying for.
• D) A product's performance characteristics and by its attributes for which customers consider paying for.

---

Definitions:

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effects on a dependent variable.

Seasonal Index

A numerical value or coefficient that adjusts data for seasonal variations, making trends clearer over time.

Monthly Series

A sequence of data points or observations recorded or collected monthly, often used in economic, financial, or performance analysis.

Smoothing Constant

The weighting factor, α, used in an exponential smoothing forecast, a number between 0 and 1.