Of the Following, Which Method of Adding Value to a Product

question 42

Multiple Choice

Of the following, which method of adding value to a product is mostly psychological?

• A)branding
• B)quality
• C)features
• D)convenience
• E)service

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Definitions:

Units Produced

The total number of complete products manufactured or finished during a specific period of time.

Domestic Fares

The price charged for flights within a country's borders.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.

High-Low Method

The high-low method is a way of estimating the variable and fixed costs of a business by analyzing the highest and lowest levels of activity and their corresponding costs.