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never [62]
1 year ago
12

from a customer's perspective, what is defined as a ratio of the bundle of benefits a customer receives from an offering, compar

ed to the costs incurred by the customer in acquiring that bundle of benefits?
Business
1 answer:
Darya [45]1 year ago
8 0

Value is defined as a ratio of the bundle of benefits a customer receives from an offering, compared to the costs incurred by the customer in acquiring that bundle of benefits

This is further explained below.

<h3>What are the costs incurred?</h3>

Generally, A cost that has been incurred is one for which a company has been accountable, even though the company has not yet gotten a bill from a supplier as evidence of the cost.

In conclusion, A cost is considered to have been incurred after the company has become liable for the cost.

Read more about Value

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You are considering buying one of two types of health insurance, both with the same premium. You guess that in the next year the
dybincka [34]

Answer and Explanation:

The computation is shown below:

a. The expected value of payout arise from emergency is

= 0.01 × $67,500

= $675

b. The expected value of payout arise from capped coverage insuance is

= (0.9 × $500) + (0.09 × $2,500)

= $675

c. The risk averse shows the minimum exposure with respect to the swings of the income or there would be the loss in the income. Since the payout amount is same in both the cases so here we considered option B

8 0
3 years ago
A clothing store sends out messages to cell phones of loyal customers informing them about offers. What can be a probable reason
aliina [53]

Answer:

c

Explanation:

8 0
3 years ago
Read 2 more answers
By lowering production costs, subsidies help foreign competitors gain export markets. True or False
Luden [163]

Answer:

False

Explanation:

Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.

Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.

Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.

Therefore, above stated statement is false.

5 0
3 years ago
Offer. Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. B
Fittoniya [83]

Answer:

Ball can certainly hold Sullivan to a contract for sale of the land.  Sullivan in his reply to Ball's enquiry offered to sell the forty-acre tract of land at $60,000 and nothing less.  Ball accepted this offer by Sullivan by stating his acceptance.

These exchanges of offer and acceptance meet the terms of a valid contract.  Therefore, Ball can always hold Sullivan for contract enforcement.

Explanation:

In making a valid contract, offer and acceptance are key ingredients, with specific consideration.  Since the two parties, Ball and Sullivan are agreed on the consideration and have exchanged offer and acceptance, the validity of the contract is enhanced thereupon.

7 0
3 years ago
Suppose the countries of Iceland and Norway set up a free trade area, eliminating all trade barriers between themselves but main
geniusboy [140]

Answer:

Trade Bloc

Explanation:

Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.

So, the example of Iceland and Norway is an example of a trade bloc.

8 0
3 years ago
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