Asked by Raychelle Smeal on Sep 28, 2024
In marketing strategy,________ refers to the ratio of customer benefits divided by the price paid for those benefits.
A) market share
B) demand
C) quantity
D) value
Market Share
The percentage of an industry's sales that a specific company controls.
Customer Benefits
The advantages or value that consumers receive from using a product or service, which can drive purchasing decisions.
Value
The importance, worth, or usefulness of something, often considered in terms of what is offered to a customer or stakeholder.
- Understand the concept of value in marketing and how it is measured.
Learning Objectives
- Understand the concept of value in marketing and how it is measured.
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