Which of the Following Is NOT One of the Three

question 6

Multiple Choice

Which of the following is NOT one of the three major customer value propositions discussed in the text?

• A) customer intimacy
• B) discount pricing
• C) operational excellence
• D) product leadership

---

Definitions:

Lower-of-cost-or-market

An accounting principle that values inventory at the lower of its historical cost or current market price.

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the weighted average of all units purchased.

Costing Method

a technique or methodology used to determine the cost associated with a production process or project.