Customer Value Refers to

question 106

Multiple Choice

Customer value refers to

• A) the need of a customer to receive the highest quality product at the lowest possible price.
• B) the least expensive product that will provide most of the basic benefits.
• C) a statement that, before product development begins, identifies (1) a well-defined target market; (2) specific customers' needs, wants, and preferences; and (3) what the product will be and do to satisfy consumers.
• D) the unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price.
• E) the cluster of benefits that an organization promises customers to satisfy their needs.

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Definitions:

Cash Account

An account that records all transactions involving cash inflows and outflows.

QBO Check Register

A feature in QuickBooks Online that allows users to view and manage all transactions from a checking account, similar to a traditional checkbook register but in a digital format.

Credit Register

A ledger or record keeping system that tracks credit transactions, including purchases and payments on account.

Bank Errors

Mistakes made by a bank in the recording of transactions, which can include discrepancies in account balances and unauthorized transactions.