Question: Value and satisfaction relate to one another to some degree, but value is the heart of consumer behavior, and is what consumers seek from consumption

"Value and satisfaction relate to one another to some degree, but value is the heart of consumer behavior, and is what consumers seek from consumption experience." Explain the difference between value and satisfaction and using examples explain how a company that scores lower in customer satisfaction may achieve greater top line growth and success than a competitor with a higher customer satisfaction rating.

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Customer value is present when the benefits offered by a product are more than the costs used to acquire that product In other words it is the tradeoff between the benefits being obtained and the pric... View full answer

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