Adding to a Product or Service to Increase Its Value

question 32

Multiple Choice

Adding to a product or service to increase its value to the consumer is called ____.

• A) adding value
• B) enhancing existing products or services
• C) increasing value
• D) incrementing value

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Definitions:

The Internet

A global network of interconnected computers and servers that allows for the exchange of information and communication across vast distances.

Specialty Line

A range of products or services that cater to a particular niche market, usually distinguished by their high quality or uniqueness.

Market

A place or mechanism where buyers and sellers meet to engage in exchange of goods and services.

Atmospherics

The physical elements of a store or business environment designed to influence a consumer's mood and behavior.