-Figure 4-2 Above Shows the Recent Ratings from Independent Rating

question 305

Multiple Choice

-Figure 4-2 above shows the recent ratings from independent rating agencies for selected smartphone brands and models. A number of factors are listed, such as price, display, audio quality, and text messaging. These factors are the typical __________ for smartphones.

• A)consideration sets
• B)evaluative criteria
• C)value propositions
• D)quality considerations
• E)core benefits

---

Definitions:

Functions Of Management

Refers to the core tasks and responsibilities that managers must perform, including planning, organizing, leading, and controlling, to effectively and efficiently coordinate the use of resources to achieve organizational goals.

Motivation-Hygiene Theory

A theory by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors - motivation factors and hygiene factors.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs from basic physiological needs to self-actualization.

Price Elastic

The degree to which the demand for a product changes in response to a change in its price.