Which of the Following Is Defined as the Price Per

question 3

Multiple Choice

Which of the following is defined as the price per unit sold less the production cost per unit?

• A) Cost
• B) Profit
• C) Supply
• D) Demand

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Definitions:

Customer Value Proposition (CVP)

A business or marketing statement that describes why a customer should buy a product or use a service, focusing on the unique value the product or service provides.

Effective

Refers to something being successful in producing a desired or intended result.

Direct Competition

Occurs when businesses offer the same or similar products or services to the same customer base.

Unmet Customer Needs

Desires or requirements of consumers that are not being satisfied by current products or services on the market.