What Is the Term for Creating Better Customer Value for the Same

question 68

Multiple Choice

What is the term for creating better customer value for the same or lower cost than competitors or creating equivalent value for lower cost than offered by competitors?

• A)strategic decision making
• B)strategic cost management
• C)competitive advantage
• D)total product

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Definitions:

Pairing

Associating two stimuli or events together in such a way that the occurrence or presence of one leads to the appearance of the other.

Coyotes

Medium-sized canids native to North America, known for their adaptability to varied habitats and resourcefulness, often symbolized in folklore and modern culture.

Sheep

Domesticated ruminant mammals, typically kept as livestock for their wool, meat, and milk, known for their flocking behavior.

CS

Conditioned Stimulus; in conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.