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Examveda

If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under

A. designed-in costs

B. locked-in costs

C. value added cost

D. non-value added cost

Answer: Option C

Solution(By Examveda Team)

If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under value added cost. A value added cost is incurred when an asset is consumed in order to increase the value of goods or services to the consumer.

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