What Defines a Value Proposition

question 124

Multiple Choice

What defines a value proposition?

• A)the unique value that a product or service provides to customers
• B)a special discount offer dropping the price
• C)an advertisement that talks about value
• D)a display of the position of products or brands in the consumer's mind
• E)the one feature that will prompt a customer to buy the product

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Definitions:

Resell

The act of selling something previously bought, often for a profit or at a different price point.

Electronic Bill Pay

A service that allows individuals to pay bills online through a website or app, streamlining the payment process and reducing the need for paper bills.

Switching Costs

Expenses or barriers that a consumer or business faces when changing suppliers, brands, or products.

Paper Check Processing

The procedure involved in the exchange and clearance of checks between banks through physical or electronic means.