Value reflects the ability of a product to
A)provide the best quality at any price.
B)have all possible product and service characteristics.
C)meet the majority of a customer's needs at the lowest possible price.
D)have the longest technical or service life and the best warranty.

Question

Quizplus · Accepted Answer

Value is determined by how effectively a product meets a customer's needs at the lowest possible cost. This means that a product does not necessarily have to have all possible features or the longest technical or service life, as those things may come at a higher cost. Rather, value is about delivering the most important features and benefits at a price point that is attractive to the customer.

Value Reflects the Ability of a Product to