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.

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Definitions:

Rank Ordering

A process of arranging items in a sequence based on their importance, priority, or quality.

Management Development

Is training to improve knowledge and skills in the management process.

Decision-Making

The process of selecting a course of action among multiple alternatives.

Corporate Strategy

The overarching plan that defines the long-term objectives and direction of a corporation, determining how to allocate resources to meet its goals.