What Is an Internal Influence on Consumer Value

question 55

Multiple Choice

What is an internal influence on consumer value?

• A) costs
• B) learning
• C) social class
• D) family

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Definitions:

Operations

The day-to-day activities and processes conducted by a business to generate value and serve its customers effectively.

Asset Turnover Ratio

A measure of how efficiently a company uses its assets to generate sales revenue.

Industry Average

A benchmark or mean performance metric that represents the average outcome or status within a particular industry sector.

Insolvency

The condition of being unable to pay debts as they fall due, often leading to bankruptcy proceedings.