In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. This refers to the inherent value of the product in the marketplace and is a strategic decision for the firm.2. Relates to how well a product or service meets design specifications.3. Relates to how the customer views the ability of the product to meet his or her objectives.

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In each of the following, name the term defined or answer the question. Answers are listed at the bottom.
1. This refers to the inherent value of the product in the marketplace and is a strategic decision for the firm.
2. Relates to how well a product or service meets design specifications.
3. Relates to how the customer views the ability of the product to meet his or her objectives.

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