Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 15
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Which of the following describes a unique value proposition
of an ice cream business?
A Scoopy's will offer the only fluffy waffle cone in
Dallas.
B
C
D
Scoopy's will be located in the downtown area of
Dallas.
Scoopy's will offer five different flavors of ice cream.
Scoopy's will offer a 50 percent discount when buying
two cones.
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Expert Solution

Step 1: Define Unique value preposition
A Unique Value Proposition (UVP), in some cases alluded to as a Unique Selling Proposition (USP), is a compact explanation that imparts the particular advantages and unmistakable benefits of a product, service, or business when contrasted with its rivals. It responds to the inquiry, "Why should a customer pick your offering over others?"
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