A customer's subjective assessment of benefits relative to costs in determining the worth of a product is known as _____.

A) risk
B) value
C) cost
D) price
E) profit

Question

A customer's subjective assessment of benefits relative to costs in determining the worth of a product is known as _____.A) riskB) valueC) costD) priceE) profit

Jillian Jacobsen · Accepted Answer

Final Answer : B, Explanation :  Value is the correct term for a customer's subjective assessment of benefits relative to costs in determining the worth of a product. This concept encompasses how customers weigh the benefits they receive from a product against its cost, thereby determining its overall value to them.

A customer's subjective assessment of benefits relative to costs in determining the worth of a product is known as _____.

A) risk
B) value
C) cost
D) price
E) profit

Definitions

Learning Objectives

Learning Objectives

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