Answer:
Customer value
Explanation:
Customer value is a marketing term representing the satisfaction or experience or benefit a customer gets from a product in exchange for the value they give to have access to the satisfaction.
In the future term, it also represents the benefit a customer expects to get from a product mostly based on the promises of the vendor in exchange for the payment or value the customer is expected to transfer to the producer for the product.
The value a customer is to give to derive the satisfaction is not limited to monetary transfers it could also include time, knowledge, even other choice products that could have offered similar benefits. Customer value will help a customer decide whether the benefit from a product is worth the expense or value given to obtain it.
Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...
Explanation:
Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
Answer:
$9.25
Explanation:
Hourly wage will be the number of hours worked divide by total earnings.
Gross pay = $370
hours worked 40 hours
per hour = $370/40
=$9.25
Answer:
<em>(A) Customer-perceived value.</em>
Explanation:
- <em>Objective value </em>is based on facts, observance and results of a specific process. The results observable may be of the advertising efforts, logistics and inventory control, shift in product promotion approach and customer focused approach followed by the firm etc.
- <em>Demand </em> is the quantity of a particular good, the customers are desiring and willing to purchase at a certain point of time.
- <em>Exchange</em> refers to a transaction of sale and purchase of a good or service.
- <em>Satisfaction</em> is the measure of happiness. A customer can be delighted or disappointed with a firm's product.
Now, we are left with <em>Customer-perceived value which is the customer's evaluation of the difference between all the benefits and all the costs of a market offering relative to those of competing offers. </em>A higher <em>customer perceived value</em> can bring customer loyalty and good product feedback to other potential customers, which can make the product seller's prospects bright for the future.
