The ________ for a Guest Paying for a Night's Stay

question 35

Multiple Choice

The ________ for a guest paying for a night's stay at a hotel is a bed,bathroom,towels,bureau,light,and closet.

• A)value-deliverable product
• B)augmented product
• C)actual product
• D)core product
• E)customised benefit

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Definitions:

Test And Learn

A method that involves experimenting with ideas to gather data and insights for making informed decisions.

Experimentation

The process of conducting trials to test hypotheses, explore new ideas, or validate the effects of changes.

Established Companies

Firms that have been in business for a significant period and have developed a stable, profitable business model.

MVP

Stands for Minimum Viable Product, which is the version of a new product that allows a team to collect the maximum amount of validated learnings about customers with the least effort.