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What is the most accurate meaning of value proposition?

Answer and explanation

Correct answer: A clear promise of the special benefit customers receive

A value proposition clearly communicates why a target customer should choose an offering. It describes the important benefit or problem solved and may explain what makes the offering different from alternatives. It is not simply the business name, a hidden price, or an internal attendance record. The promise should be relevant, understandable, and supported by the actual product or service.

Related tags

Value PropositionCustomer BenefitBusiness ModelEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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