Question

When mars manufactures m&m’s, snickers, and other confectionary products, or when trek designs bicycles, each company’s core question is: how do we produce this product in the least expensive manner?

Answer 1

We produce this product as an example of core customer value.

The core customer value level contains the primary values, the pure blessings that every product/carrier brings to satisfy a certain want of the customer.

An organization's extra essential customers, are distinguished from the rest by way of their long-time period value to the organization.

Customer value is best defined as how a great deal a product or service is worth to a consumer. It's a measure of all of the expenses and advantages associated with a product or services. Examples consist of rate, satisfactory, and what the products or services can do for that precise person.

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