TEC Assessment 10 Answers : TEC Question Answer Key 2024 | TEC Assessment Answers pdf | ( Marketing Education Value )

 

TEC Assessment 10 Answers

 Marketing Education Value

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Table of Content (toc)

TEC Exam Questions and Answers: Marketing Education Value

1.  What is the advantage of adopting a value perspective? 

A) Clear differentiation.
B) Helping the customer understand how and how much they benefit. Then asking for a share of that benefit.
C) Ability to justify pricing or even price at a premium.
D)All of the above.

ANSWER= (D) All of the above.

 

2. According to the Value Framework for Entrepreneurs, select the best statement below.

A) Value Creation → Value Delivery → Value Capture.
B) Value Capture → Value Creation → Value Delivery
C) Value Creation → Value Capture → Value Delivery.
D) Value Delivery → Value Creation → Value Capture.

ANSWER= (A) Value Creation → Value Delivery → Value Capture.

 

3. Why is a customer purchasing from a particular store?

A) Because the customer values the AC you provide inside the shop.
B) Because the customer values the product or service the shop provides.
C) Because the customer values the friendship with the shop’s owner.
D) All of the above.

ANSWER= (B) Because the customer values the product or service the shop provides.

 

Read More : TEC Final Exam Questions and Answers 2021 pdf Download

4.Why is a customer purchasing from a particular store?

A)Because the customer values the AC you provide inside the shop
B) Because the customer values the product or service the shop provides.
C) Because the customer values the friendship with the shop’s owner.
D) All of the above.

ANSWER= (B)  Because the customer values the product or service the shop provides.

 

5.  ____________  everyone competes on price as no one is exploring how they are able to differently adding value to customer.

A) Digitization 
B) Commoditization
C) Privitization
D) Capitalization

ANSWER= (B) Commoditization

 

6.  Value is what the shop/store provides to the customer. ( like services of a shop or features of a product) 

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

7. Value can be defined in terms of __________ perspective as well as based on __________.

A) Customer, cost 
B) Newcomer, price
C) Customer, price 
D) Newcomer, cost

ANSWER= (C) Customer, price 

Read More : CSC TEC Assessment Questions and Answers pdf | TEC Assessment Questions and Answers pdf

 

8. Select the correct statement. 

A) Value is customer defined. 
B) Value is consultant defined.
C) Value is salesman defined.
D) Value is businessman defined. 

ANSWER= (A) Value is customer defined. 

 

9. Where does the value reside?

A) In the salesman’s mind.
B) At the POC of the store. 
C) In the customer’s mind. 
D) In the store’s owner mind.

ANSWER= (A) In the customer’s mind. 

 

10. Select the correct statement.

A) Value depends on the features or services provided by the store.
B) Value depends on the features or services sold by the salesman.
C) Value depends on the features or services discounted by the store’s owner.
D) Value depends on the features or services consumed by the customer.

ANSWER= (D) Value depends on the features or services consumed by the customer.

All TEC Final Exam Answer Key 2024 

• TEC Assessment 1 Answers -   Click Here

• TEC Assessment 2 Answers -   Click Here

• TEC Assessment 3 Answers -   Click Here

• TEC Assessment 4 Answers -   Click Here

• TEC Assessment 5 Answers -   Click Here

• TEC Assessment 6 Answers -   Click Here

• TEC Assessment 7 Answers -   Click Here

• TEC Assessment 8 Answers -   Click Here

• TEC Assessment 9 Answers -   Click Here

• TEC Assessment 10 Answers - Click Here

• FINAL Assessment Answers -  Click Here

• TEC Assessment Answers pdf- Click Here
  

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