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The difference between total customer value and total customer cost is__________.
The cost per click model charges an advertiser a set amount for every time a customer clicks on their advertisement and take the customer to their website.
His primary responsibility is to persuade the customer and sell his product. But at any cost, that should not be a moment of irritating the customer
1. identifying the customer 2. designing timeshare according to the customer requirements Well, to make a certain brand stand out from the rest, you must also identify ways to beat your competitors. Effective advertising usually is costly. So, cost must also be considered. With regards to the ways of marketing, it is not much of a problem. There are numerous ways nowadays that are effective. The problem is these ways mostly involve a significant cost. Thus, you should evaluate if it is just to pursue such strategy and how it will benefit your company.
Value based pricing is based on percieved value of goods and services in view of customer. A marketer look at the price being offered to customer that how a customer is percieving the value of goods or services. It is price where all cost of product has been accounted and a fair judgment about percieved value for customer in market.
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
The difference between total customer value and total customer cost is__________.
The equation for net benefit is: Net Benefit = Total Benefit - Total Cost
total customer costbundle of costs incurred in evaluating, obtaining, using, & disposing of producttotal customer value , areproduct valueservices valuepersonnel valueimage valuekimo
Making a choice by comparing total benefit to total cost.
Three important cases: Total productive surplus is maximised at consumer equilibrium. Total profit is maximised when marginal cost = marginal benefit. Social welfare is maximised where marginal social cost = marginal social benefit.
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
Cost-benefit analysis is rational.
when will a cost benefit analysis be done
Increased trade would benefit the consumer due to the availability of more low-cost goods.
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.