Answer:
A. Customer value = customer benefits - customer cost
Explanation:
The customer value is the worth of a product or a service as compared to other alternatives in the standpoint of a customer.
It is basically like the worth of obtaining a product or a service is to a customer. Customer value can be considered how a customer benefits from the product minus the cost of obtaining the product.
Benefits and cost does not always have to be in the form of cash. A benefit can be in the form of quality, value, experience and cost can be in terms of time, effort, or energy.
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Answer:
Contraction (recession).
Explanation:
Contraction (recession) refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, when the economy goes through stages as innovation, supply, demand, laws, and politics affect what is made and what is purchased but before it becomes a trough. The first stage of an economy is an expansion where incomes increase with production pushing more consumption and making more work and is marked by the growth of GDP. The next stage is when an economy reaches the high point of this growth known as the peak. After the peak, when a country's real gross domestic product (GDP), the most-watched indicator of economic contraction, has declined for two or more consecutive quarters, then a contraction has occurred.
Answer:
The answer b false
Explanation:
The effect of the tax on the supply-demand equilibrium is to shift the quantity toward a point where the before-tax demand minus the before-tax supply is the amount of the tax. The price the buyer pays rises, but generally by less than the tax.
