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What term describes the complete bundle of benefits and values a company promises to deliver to satisfy customer needs?

ABrand Personality
BValue Proposition
CMission Statement
DMarket Position

Explanation

* A Value Proposition is the full positioning of a brand—the full mix of benefits on which it is differentiated and positioned.
* It answers the customer question: ‘Why should I buy your brand instead of a competitor’s?’
* A clear value proposition drives all marketing communications and product design.

Exam Relevance
  • Topic: STP Marketing
  • Subtopic: Value Proposition
Submitted by: mcqstutor Team More Marketing MCQs →

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