From a Consumer's Perspective,value Is Based on _____

question 43

Multiple Choice

From a consumer's perspective,value is based on _____.

• A)the perception of benefits received versus price paid
• B)who performs each of the elements in a value chain
• C)who performs the visible elements in a value chain
• D)only the price paid

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Definitions:

Alderfer's ERG Theory

A motivational theory positing that there are three groups of core needs: existence, relatedness, and growth, which influence human behavior.

Maslow's Hierarchy

This theory suggests that individuals are motivated by a hierarchy of needs, starting from basic needs such as food and safety to higher needs like esteem and self-actualization.

Personal Development

The process of improving one’s skills, knowledge, and capacities, often through self-discipline, training, and reflection.

Growth Needs

Refer to the psychological needs that foster personal development and growth, as featured in models like Maslow's hierarchy of needs.