Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The terms quality and value are synonymous in the context of product management.
B) The term quality applies to external aspects of product management, while value relates to the internal factors
C) The level of quality and value a firm's products have cannot be measured against external standards.
D) The concept of value combines the quality and the price elements of the product mix.