Value Can Be Defined as the _____ Benefits Received by a Customer

question 68

Multiple Choice

Value can be defined as the _____ benefits received by a customer firm in exchange for the price paid for a product offering.

• A)economic
• B)technical
• C)social
• D)all of the above
• E)(a)and (b)only

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Definitions:

Insurer

A company or entity that provides insurance coverage to policyholders in exchange for premiums.

Deductible

An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.

Premium

The amount paid for an insurance policy or the fee charged by insurers for providing coverage.

Comprehensive Coverage

A type of automobile insurance that provides protection against loss when the insured’s car is damaged or destroyed by fire, lightning, flood, hail, windstorm, riot, vandalism, or theft.