A Customer Value Proposition Is

question 30

Multiple Choice

A customer value proposition is

• A) the unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price.
• B) a statement that, before product development begins, identifies (1) a well-defined target market; (2) specific customers' needs, wants, and preferences; and (3) what the product will be and do to satisfy consumers.
• C) a unique strength relative to competitors that provides superior returns, often based on quality, time, cost, or innovation.
• D) the characteristics of a product that make it superior to competitive substitutes.
• E) the cluster of benefits that an organization promises customers to satisfy their needs.

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Definitions:

Long-Term Memory

The phase or type of memory responsible for storing information for extended periods, ranging from minutes to a lifetime, involving diverse information such as facts, experiences, and skills.

Middle Age

A period in adult life roughly between the ages of 40 and 65, characterized by personal, social, and career adjustments and preparations for later life.

Legal Purposes

Activities or actions carried out in accordance with the law or intended to meet legal requirements.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.