To Develop a Good CVP, Products Must Not Only Fulfill

question 56

Multiple Choice

To develop a good CVP, products must not only fulfill a need but ______.

• A)appeal to the high-tech needs of customers
• B)fit into customers' lifestyles
• C)fill a large market
• D)appeal to customers who can afford the product

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Definitions:

Asset-Based Lending

A type of financing where loans are given based on the value of an individual's or company's assets.

Loan Collateral

Assets or property pledged by a borrower to secure a loan, serving as a guarantee for the lender that the loan will be repaid.

Liquidation Value

The estimated total value of a company's physical assets if it were to be terminated and the assets sold, typically assessed in the context of a business facing bankruptcy.

Diversify Risk

The strategy of spreading investments across various sectors or assets to reduce the overall risk exposure.