The Five Product Levels Constitute a ________

question 60

Multiple Choice

The five product levels constitute a ________. At each level more customer value is added.

• A) customer perceived value
• B) customer consumption system
• C) customer augmented product
• D) customer value hierarchy
• E) customer hierarchy

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Definitions:

Ambiguous

Open to more than one interpretation; not having one obvious meaning.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring ownership or authorizing its use by someone else.

Payable to Order

A financial term indicating that a payment should be made to a specific individual or entity whose name appears on the document.

Drawer

In banking and finance, the person who writes or issues a check or draft, instructing the bank to pay a specified amount to the person or entity named.