Which of the Following Statements About Product Benefits Is True

question 64

Multiple Choice

Which of the following statements about product benefits is true?

• A) They are automatically given to readers when they comply with your request.
• B) They are the same thing as product features.
• C) They are intangible and can only be acquired over time.
• D) They are short-lived as compared to added-on benefits.
• E) They should not be relied on heavily because they can cheapen a product.

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Definitions:

Substitution Effect

The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.

Output Effect

The Output Effect describes how changes in price levels affect the quantity of goods and services produced in an economy, influencing overall economic output.

Substitute Resources

Alternative means or materials that can be used to achieve the same function or production goal in the absence of preferred resources.

Price of Capital

The cost of using capital assets for production, including interest rates on loans or opportunity costs of using own capital.