The worth of one or more features of a product for which the customer is willing to pay is defined as:
A)Value
B)Quality
C)Efficiency
D)Innovation

Question

Quizplus · Accepted Answer

Value is the worth or usefulness of a product to a customer, as determined by their willingness to pay for it. It is often influenced by the features, benefits, and perceived quality of the product. Quality, efficiency, and innovation are important factors that can contribute to the overall value of a product, but they are not the same as value itself.

The Worth of One or More Features of a Product