Which of the Following Statements Is True Regarding Customer Preferences

question 7

Multiple Choice

Which of the following statements is true regarding customer preferences?

• A) The importance of technological features to customers stays constant over time.
• B) Customers themselves are unsure about the importance of different features offered by a technology.
• C) All pioneers have faced customer uncertainty.
• D) Established customer preferences are undesirable by producers.

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Definitions:

Loan

Money borrowed that is expected to be paid back with interest, typically used for larger purchases or to bridge temporary financial gaps.

Cash-flow Method

A financial analysis approach that evaluates an investment's profit or loss by considering the timing and amount of cash inflows and outflows.

Business Valuation

A process and a set of procedures used to estimate the economic value of an owner’s interest in a business.

Profit Potential

The capacity or likelihood for a business venture to generate earnings over costs.