A Customer Value Proposition Is

question 30

Multiple Choice

A customer value proposition is

• A) 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.
• B) 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.
• C) a unique strength relative to competitors that provides superior returns, often based on quality, time, cost, or innovation.
• D) the characteristics of a product that make it superior to competitive substitutes.
• E) the cluster of benefits that an organization promises customers to satisfy their needs.

Understand the concept and types of venture philanthropy funding.

Recognize the potential growth of the social venture capitalist (SVC) market.

Grasp the fundamental attributes and significance of stakeholders in social entrepreneurship.

Distinguish between different models of social entrepreneurship, including hybrid models.

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Definitions:

Buyer and Supplier

The relationship between entities that purchase goods or services and those that supply or provide them.

Reverse Logistics

The process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal.

Communication

The process of transferring information, ideas, emotions, skills, and knowledge from one entity to another through various means.

Order Cycle Time

The total time taken from when a customer places an order until the product is delivered to them.