BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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superior value can be achieved through-A good product at a ____ price-A superior product worth paying ____ for-A best-value product
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Reasonable, less
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low, more
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attracting, discounted price
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Explanation:
Detailed explanation-1: -Superior value is created when customers are willing to pay more for your product or service than competitors’, or when they prefer your version of a product or service to all others because it meets their needs better and maybe even exceeds their expectations.
Detailed explanation-2: -Superior customer value means to continually create business experiences that exceed customer expectations.
Detailed explanation-3: -Conclusion. Good products must have a solid value proposition and solve a real problem, be understandable by users, perform their task as easily and efficiently as possible, and become better and harder to part with the more they are used.
There is 1 question to complete.