A Customer Value Proposition Includes the Whole Bundle of Benefits

question 7

True/False

A customer value proposition includes the whole bundle of benefits the firm promises to deliver, not just the benefits of the product itself.

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Definitions:

Safety Inventory

The stock of goods or materials kept on hand to protect against variations in demand or supply.

Lumpy Demand

Demand characterized by unpredictable fluctuations and variability, often challenging for businesses to manage effectively.

Safety Stock

Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.

Fill Rate

A performance metric that measures the percentage of customer demand that is met without backorders or stockouts.