Which Term Refers to the Distinctive Benefits That Make a Product

question 72

Multiple Choice

Which term refers to the distinctive benefits that make a product different than any other?

• A) Perceptual value
• B) Unique selling proposition
• C) Economic differential
• D) Economic advantage
• E) Differential value

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Definitions:

Alternative Hypothesis

The hypothesis that contradicts the null hypothesis, representing the possibility that there is an effect or a difference.

Seat Belts

Safety devices designed to secure the occupant of a vehicle against harmful movement that may result during a collision or a sudden stop.

Independence

A condition where the occurrence of one event does not affect the probability of another event.

Salesperson

An individual who sells goods, services, or both to consumers or other businesses, often working on commission or for a specific company.