The Benefits or Customer Value Received by Users of a Product

question 190

Multiple Choice

The benefits or customer value received by users of a product is called __________.

• A)utility
• B)synergy
• C)consumerism
• D)cost-benefit ratio
• E)buyer-seller reciprocity

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Multinational Corporations

Large companies operating in several countries around the world, often with a centralized head office but decentralized operations and production.

Research and Development

The part of a business activity that is concerned with acquiring new knowledge and using it to develop new products, processes, or services or to improve existing ones.

Technological Application

The use or implementation of technology for practical purposes, especially in industry or commerce.