Question

A good value proposition identifies a market problem, offers a solution, and provides a basis for trust. What is the missing step?

Answer 1

Ans.

A value proposition alludes to the value an organization vows to convey to clients should they decide to purchase their item. A value proposition is important for an organization's general showcasing procedure. The value proposition gives an affirmation of aim or an explanation that acquaints an organization's image with buyers by mentioning to them what the organization depend on, how it works, and why it merits their business.

A value proposition can be introduced as a business or advertising explanation that an organization uses to sum up why a customer should purchase an item or utilize a help. This announcement, whenever phrased compellingly, persuades a potential shopper that one specific item or administration the organization offers will include more value or better tackle an issue for them than other comparable contributions will.

A good value proposition has following stages :

Stage 1: Identify Customer Needs

Stage 2: Turn Product Features Into Customer Benefits

Stage 3: Develop Individual Customer Value Propositions

Stage 4: Communicate/Deliver Your Proposition

Stage 5: Measure the Effect of Your Value Proposition

In the given question Measure the Effect of Your Value Proposition is missing.