The Equation a Buyer Applies to Assess a Product's Value

question 105

Multiple Choice

The equation a buyer applies to assess a product's value is

• A) value = monetary price − customer benefits.
• B) value = customer costs − customer benefits.
• C) value = customer benefits − customer costs.
• D) value = customer benefits − monetary price.
• E) value = customer benefits − time and effort.

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Definitions:

Performance Monitor

A system tool that measures the performance of hardware, software, and applications, helping in understanding and optimizing system performance.

Cache Memory

Small blocks of memory, located directly on and next to the central processing unit (CPU) chip, that act as holding places for recently or frequently used instructions or data that the CPU accesses the most.

Potential Capacity

The maximum output or performance that a system or entity could achieve under ideal conditions.

Mechanical Hard Drive

A data storage device that uses magnetic storage to store and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.