The Value That Comes from Consuming a Product Is Referred

question 6

Multiple Choice

The value that comes from consuming a product is referred to as a(n) ____.

• A) Added Value Resource (AVR)
• B) Confirmed benefit
• C) Value proposition
• D) Feature
• E) None of the above

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Definitions:

Pricing Constraints

Restrictions or limitations that affect how a product or service is priced, often including factors such as production cost, competition, and market demand.

Disruptive Innovation

A theory that describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors.

Microcredit Lending

A type of financing that provides small loan amounts to entrepreneurs or individuals in low-income regions to promote economic development and reduce poverty.

Social Business

A type of business model that aims to solve social problems through innovative solutions while being financially self-sustainable.