Which of the Following Steps of the Presentation Highlights the Value

question 52

Multiple Choice

Which of the following steps of the presentation highlights the value of the product to its cost?

• A)FAB step
• B)Business proposition
• C)Financial plan
• D)Reseller's module
• E)Marketing plan

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Definitions:

Perfect Substitute

Perfect substitutes are goods or services that can be used in place of one another with no loss of utility to the consumer, such that one can be replaced by the other in use.

Units Of Good

The quantifiable measure of a product or service that is produced by a company.

Utility Function

An expression that quantitatively describes how consumer preferences are ordered, indicating the level of happiness or fulfillment they derive from various goods or services.

Indifference Curves

Graphical representations used in microeconomics to illustrate different combinations of two goods among which a consumer is indifferent in terms of utility or satisfaction.