QuestionJuly 28, 2025

Based on the Circles for a Successful Value Proposition framework, when should a firm reengineer its product to stop providing certain benefits? When customer needs are met by the benefits in question, but are not met by benefits provided by competitors When customers express little need or desire for the benefits in question When customers are unaware that the product meets one of their needs When customer needs are met by the benefits in question as well as by competitors

Based on the Circles for a Successful Value Proposition framework, when should a firm reengineer its product to stop providing certain benefits? When customer needs are met by the benefits in question, but are not met by benefits provided by competitors When customers express little need or desire for the benefits in question When customers are unaware that the product meets one of their needs When customer needs are met by the benefits in question as well as by competitors
Based on the Circles for a Successful Value Proposition framework, when should a firm reengineer its product to stop providing certain benefits?
When customer needs are met by the benefits in question, but are not met by benefits provided by competitors
When customers express little need or desire for the benefits in question
When customers are unaware that the product meets one of their needs
When customer needs are met by the benefits in question as well as by competitors

Solution
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Answer

When customer needs are met by the benefits in question as well as by competitors Explanation 1. Identify the scenario for reengineering A firm should consider reengineering its product to stop providing certain benefits when those benefits are redundant or unnecessary. Specifically, this occurs when customer needs are met by the benefits in question as well as by competitors.

Explanation

1. Identify the scenario for reengineering<br /> A firm should consider reengineering its product to stop providing certain benefits when those benefits are redundant or unnecessary. Specifically, this occurs when customer needs are met by the benefits in question as well as by competitors.
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