Created from Youtube video: https://www.youtube.com/watch?v=Kunno4fNCa4videoConcepts covered:customer value, marketing, benefits, psychological, functional
The video discusses the importance of customer value in marketing, emphasizing that understanding and delivering value is crucial for a company's success. It explains that customer value is the balance between the benefits received and the cost paid, highlighting both functional and psychological benefits as key factors in customer satisfaction and loyalty.
कस्टमर वैल्यू (हिंदी) I Customer Value in Marketing (Hindi) I Dr Vijay Prakash Anand
Concepts covered:customer value, marketing, benefits, psychological, functional
The video discusses the importance of customer value in marketing, emphasizing that understanding and delivering value is crucial for a company's success. It explains that customer value is the balance between the benefits received and the cost paid, highlighting both functional and psychological benefits as key factors in customer satisfaction and loyalty.
Question 1
Customer value is crucial in marketing success.
Question 2
How do companies ensure customer satisfaction?
Question 3
Value is subjective and varies for each '_____'.
Question 4
CASE STUDY: A new smartphone brand enters the market, offering high functionality at a lower price.
What should the existing brands focus on?
Question 5
Functional and emotional benefits influence customer satisfaction.
Question 6
Why is value creation important in marketing?
Question 7
Functional and psychological benefits are types of '_____'.
Question 8
CASE STUDY: A luxury car brand wants to increase its market share among young professionals.
What should the brand emphasize?
Question 9
Higher price always means higher customer value.
Question 10
What is a subjective aspect of value?
Question 11
A product's value decreases if a competitor offers more '_____'.
Question 12
Companies must adapt to market changes for sustained success.
Question 13
What is the core of customer value?
Question 14
The process by which a platform creates value for selected customers is called '_____'.
Question 15
All successful companies provide the same customer value.
Question 16
What influences a customer's perceived value?
Question 17
In marketing, customer value is often referred to as the '_____ factor'.
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