Podcast
Questions and Answers
Which component of value is described as the time between when a customer pays and when they receive what they want?
Which component of value is described as the time between when a customer pays and when they receive what they want?
- Effort
- Sacrifice
- Time delay (correct)
- Testimonials
What is the value of delivering a service or product faster?
What is the value of delivering a service or product faster?
- It has no impact on value
- It makes the product less valuable
- It increases risk
- It decreases risk (correct)
Which component of value refers to the things someone must do that they don't want to do in order to achieve the desired outcome?
Which component of value refers to the things someone must do that they don't want to do in order to achieve the desired outcome?
- Time delay
- Effort (correct)
- Testimonials
- Sacrifice
Which component of value refers to the things someone has to give up or stop doing that they enjoy in order to achieve the desired outcome?
Which component of value refers to the things someone has to give up or stop doing that they enjoy in order to achieve the desired outcome?
Which component of value is the first one mentioned in the text?
Which component of value is the first one mentioned in the text?
What determines the expensiveness of a product or service?
What determines the expensiveness of a product or service?
Which component of value is based on the perceived likelihood of achievement?
Which component of value is based on the perceived likelihood of achievement?
What is the goal of business owners and promoters in terms of value?
What is the goal of business owners and promoters in terms of value?
According to the text, what are the four components of the value equation?
According to the text, what are the four components of the value equation?
According to the text, what is the value equation?
According to the text, what is the value equation?
According to the text, what is the relationship between the cost and the dream outcome in the value equation?
According to the text, what is the relationship between the cost and the dream outcome in the value equation?
According to the text, why do some people buy certain things?
According to the text, why do some people buy certain things?
According to the text, which of the following is true about the perceived likelihood of achievement for personal training?
According to the text, which of the following is true about the perceived likelihood of achievement for personal training?
According to the text, which of the following is true about the time delay for the dream outcome to occur with personal training?
According to the text, which of the following is true about the time delay for the dream outcome to occur with personal training?
According to the text, which of the following is true about the effort and sacrifice required for personal training?
According to the text, which of the following is true about the effort and sacrifice required for personal training?
According to the text, what is the perceived likelihood of achievement for liposuction?
According to the text, what is the perceived likelihood of achievement for liposuction?
Which of the following is an example of a dream outcome that decreases the effort and sacrifice associated with achieving it?
Which of the following is an example of a dream outcome that decreases the effort and sacrifice associated with achieving it?
According to the text, what is the key to creating more value in product and service lines?
According to the text, what is the key to creating more value in product and service lines?
What was one of the biggest breakthroughs for Precision Nutrition, according to the text?
What was one of the biggest breakthroughs for Precision Nutrition, according to the text?
According to the text, what makes a product infinitely valuable?
According to the text, what makes a product infinitely valuable?
