Sam Needed a New Pair of Bicycle Pedals as the Pedals

question 23

Multiple Choice

Sam needed a new pair of bicycle pedals as the pedals of his bicycle had cracks in them. After visiting several stores to find the right ones, he purchased a pair from a local store, All Things Sports, and was satisfied that his needs were met. Which of the following best describes the type of value Sam received?

• A) Premium value
• B) Utilitarian value
• C) Hedonic value
• D) Terminal value

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Definitions:

Iron-Oxide Mineral

A mineral composed primarily of iron and oxygen, often found in the form of hematite or magnetite, significant in various industrial applications.

Hematite

A reddish-black mineral composed of iron oxide, often used as an iron ore.

Basalt

A dark, fine-grained volcanic rock that is low in silica content.

Orbiting Spacecraft

Orbiting spacecraft are human-made vehicles or satellites that revolve around Earth or other celestial bodies, utilized for communication, research, and observation.