What is use value?

Question $6$ options:

The price a customer actually pays at the point of transaction for a product

What a customer would be willing to pay for a product given its perceived qualities relative to their needs assuming no competing or substitute products

The price paid above the next highest price of any competitive products, if any

The price paid below the next lowest price of any competitive products, if any

Question $5$ options:

Insuring each internal process is efficient

That employees have the appropriate background to fit into their roles

That internal capabilities fit the external environment

Consistency in terms of goals, values, resources, capabilities and the firm$$s system of activities

Question $4$ options:

a competitor enters a new market space occupied by another competitor

a competitor attempts to maintain its own position, while also attempting to match the position of a competitor

a competitor uses internal and external resources to compete

two or more competitors have nearly identical activities