Porter Defined Value as the ________

question 70

Multiple Choice

Porter defined value as the ________.

• A)amount of money that a customer is willing to pay for an offering
• B)extent of after-sale service provided to customers
• C)perceived satisfaction of the customers and sellers after a transaction
• D)actual money exchanged in return of a product/service

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Definitions:

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Hans Seyle

Incorrect key term, possibly a misspelling of Hans Selye, who is a pioneering Hungarian-Canadian endocrinologist known for his research on the stress response.

Adaptation

The process by which a species becomes fitted to its environment; it is the result of natural selection acting upon heritable variation over several generations.

Physiological Responses

The body's automatic reactions to a stimulus, including heart rate, hormone secretion, and muscle tension, among others.