You have been asked to advise Waltham Furniture, a company that seeks to serve a target middle-class customer demographic obsessed with the quality and price of products. Your proposed value proposition for this company to offer to its customers would be to

A. provide comparable quality furniture at a much lower price than your rivals but leave the final assembly of purchased furniture to customers accompanied by an easy-to-follow assembly guide.
B. market and sell only average quality furniture compared to your rivals at an imperceptible difference in price.
C. identify the unique features of your client's furniture without comparing it with a rival's products.
D. offer copycat furniture at low cost but an average quality compared to your client's rivals.
E. offer the same quality of furniture as do your client's rivals but at a high cost based on greater market share and higher brand value.


Answer: A

Business

You might also like to view...

Targeting people who buy vitamins to improve their health is an example of which type of segmentation?

A) demographic B) geographic C) benefit D) geodemographic

Business

Answer the following statements true (T) or false (F)

1. Government funds rarely support all indirect costs such as administrative expenses. 2. The program Temporary Assistance for Needy Families is funded through a mix of federal and state funds. 3. Letter contracts are used when a government needs work to begin immediately.

Business

Sellers allow customers to use bank (or third-party) credit cards for all of the following reasons except:

A. To increase total sales. B. To avoid having to decide who gets credit and how much. C. To speed up receipt of cash from the credit sale. D. To be able to charge more due to fees and interest. E. To avoid the risk of customers not paying.

Business

The identifiable, but sometimes intangible, activities undertaken by a retailer in conjunction with the basic goods and services it sells comprise the retailer's _____

a. level of commitment to the retail concept b. peripheral services c. customer satisfaction level d. customer service

Business