Customer Value Refers to

question 111

Multiple Choice

Customer value refers to

• A)the need of a customer to receive the highest quality product at the lowest possible price.
• B)the least expensive product that will provide it with most of the basic benefits.
• C)a statement that, before product development begins, identifies (1) a well-defined target market; (2) specific customers' needs, wants, and preferences; and (3) what the product will be and do to satisfy consumers.
• D)the unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price.
• E)the cluster of benefits that an organization promises customers to satisfy their needs.

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Definitions:

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet to offer faster innovation, flexible resources, and economies of scale.

Software Incompatibility

A situation where a specific software or application is unable to operate or function properly with the operating system, other software, or hardware.

Operating System Incompatibility

Operating system incompatibility occurs when software or applications are not able to function properly on a specific operating system due to differences in coding, features, or architecture.

Server Crashes

Events where a server stops functioning properly, often resulting in loss of service or data.