Customer Value Refers to

question 21

Multiple Choice

Customer value refers to

• A)the need of a customer to receive the highest quality product at the lowest possible price.
• B)the least expensive product that will provide customers with most of the basic benefits.
• C)a statement that,before product development begins,identifies (1)a well-defined target market;(2)specific customers' needs,wants,and preferences;and (3)what the product will be and do to satisfy consumers.
• D)the unique combination of benefits received by targeted buyers that includes quality,convenience,on-time delivery,and both before-sale and after-sale service at a specific price.
• E)the cluster of benefits that an organization promises customers to satisfy their needs.

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Definitions:

Regulation of Gambling

Laws and rules established to govern, control, and oversee gambling activities, ensuring fairness and preventing illegal activities.

50 States

Refers to the constituent political entities that make up the United States of America, each having its own government and sovereignty under the federal system.

Severable Contract

A contract whose terms can be divided.

Divisible

Capable of being divided or separated into smaller components or parts.