Offering Customers Something Distinctive or at a Lower Cost Than

question 112

Multiple Choice

Offering customers something distinctive or at a lower cost than competitors is a component of the _______________ business model.

• A) revenue source
• B) pricing
• C) sustainability
• D) customer value

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Definitions:

Per Unit

A measure or cost expressed per single item or quantity of a product or service.

Cost Behaviour

The way in which costs change in relation to alterations in an organization's level of activity.

Relevant Range

The range of activity within which the assumptions about fixed costs and variable cost behavior hold true.

Production

The process of creating goods and services through the combination of human labor, materials, and technology.