Final answer:
The statement is true; consumer satisfaction from a product or service includes a wide range of benefits, not just its primary function. These benefits can be functional, emotional, economic, or social, which together influence the perceived value of the product or service.
Step-by-step explanation:
The statement "Benefit" is the entire range of satisfactions a customer gets from a product or service is essentially true. The main answer to this consideration lies in the definition of benefit as pertains to consumer behavior. When evaluating the benefits of a product or service, customers take into account not only the primary function but also the additional advantages that come with it, which may include emotional satisfaction, time savings, cost-effectiveness, and improved wellbeing, among others.An explanation of more than 100 words for this might be that the 'benefit' from a product or service goes beyond its basic utility. For instance, when purchasing a smartphone, a customer derives satisfaction not just from its ability to make calls, but also from its internet connectivity, apps, camera quality, and the social status it may confer. Similarly, in the realm of services, a fitness membership provides more than just equipment for exercise; it also offers health benefits, socializing opportunities, and possibly a sense of community and belonging.In conclusion, a product or service can indeed deliver a wide spectrum of benefits, all of which collectively contribute to the customer's satisfaction and the perceived value of the purchase.