Purchase Solution

Benefits & Costs that Contribute to Customer Value

Not what you're looking for?

Ask Custom Question

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?

Purchase this Solution

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.

Solution Preview

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 ...

Purchase this Solution


Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Motivation

This tests some key elements of major motivation theories.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.