Question

Good Sleep, a hotel chain, wants to increase customer benefits, such as introducing new amenities, while keeping customer costs the same. By doing

this, Good Sleep stands to increase value.
True or False
True
False

Answer 1

True. Good Sleep can increase value by adding new amenities without raising costs for the consumer, benefiting both the consumer and the business.

Step-by-step explanation:

True. If Good Sleep, a hotel chain, introduces new amenities without increasing customer costs, it increases value. This is because consumers get better products at the same price, which enhances the customer's perceived value of their purchase. In a broader economic context, when businesses increase their profits through improved offerings or more competitive pricing, it can lead to broader economic benefits. Consequently, employees may earn more income due to the business's success. So, increasing value by offering more without escalating costs is beneficial for consumers and can lead to a cascading positive effect on the business and its employees. In this way, the gains often outweigh the nation's overall losses.

Answer 2

Good Sleep can increase customer benefits without increasing costs.

Step-by-step explanation:

True

Good Sleep, a hotel chain, can increase customer benefits such as introducing new amenities while keeping customer costs the same. By doing this, Good Sleep can increase the value it provides to customers. This can enhance the overall experience for customers without adding extra costs.

Learn more about Maximizing customer benefits while keeping costs constant.