Value Refers to The

question 41

Multiple Choice

Value refers to the: 

• A) tangible aspects of a firm's products or services.
• B) physical traits such as serviceability and reliability of a product.
• C) full set of physical products offered for sale by the organization.
• D) returns the customer gets in exchange for what the customer pays.

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Definitions:

Custom Made

Products or services specifically tailored to meet the individual needs or preferences of a client.

Raw Materials

The fundamental substances used in the production of goods, typically natural resources or agricultural products.

Widget Producer

A generic term often used to describe a manufacturer that specializes in producing a non-specific, often hypothetical, item or product.

Shirking

The act of avoiding or neglecting one's duties or responsibilities, typically in the context of employment.