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Benefits & Costs that Contribute to Customer Value

What are some of the benefits and costs that contribute to your customer value from each of the following products: a wristwatch, a weight-loss diet, a cruise on a luxury liner, and a checking account from a bank?

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What are some of the benefits and costs that contribute to your customer value from each of the following products: a wristwatch, a weight-loss diet, a cruise on a luxury liner, and a checking account from a bank? A wristwatch will be able to keep you looking professional and mature for years to come. It will also allow you to tell the time without digging into your pockets for your cell phone. It will provide you with the ability to look professional and mature, yet not archaic or ancient. For the relatively small price of 300.00 American dollars, you will be able to tell time that doesn't differentiate by more than a second every 25.78 years! It is made of fine European parts and is gold plated! As you know gold has raised in value a lot, and we mean a very, very, very lot over the last several years. It is a good hedge against recession, and in today's competitive world, a quality wrist watch will keep you looking your best, and could even lead to more sales, promotions and dates. How would one put a price on you ...

Solution Summary

The solution gives 697 words on how products like a watch, a diet, a cruise and a checking account can have their customer value improved via certain benefits and costs.

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