Answer to Question #266900 in Finance for Jabs

Question

 

3.1    DESCRIBE the features, advantages and benefits of each of the products /services in detail. (Please note that features, advantages and benefits (FABs) must be addressed as separate items – and you may find this easier to do as a table)

3.2    Present the FABs for the two (2) products to your client and:

3.2.1  Explain the application of the product specification per product

3.2.2  Assess the client’s responsiveness per product to establish their acceptance of each product.

3.3    EXPLAIN how the FABs matched your client’s banking needs.

3.4    Provide evidence showing how you were able to evaluate whether or not the FABs matched your clients’ needs.

 

Answer 1

3.1 The FAB Approach aids you in analyzing why a customer selects your product or service.

3.2 It is not always straightforward to figure out how your customer would benefit from your service or product. It is much easier to notify your customer about all of the features of a product. Horse strength, size, weight, and colour are all aspects to consider.

3.2.1 Customers, on the other hand, are significantly more interested in knowing about the advantages of using your product or how they may advantage from buying a specific service.

3.2.2 Benefits Installing a washing machine gives the housekeeper extra free time, which she can devote with her family or on her hobbies. A café manager saves labor that would otherwise be spent washing tablecloths by hand, time that could be better spent cleaning the kitchen.

3.3 Client-responsiveness necessitates that employees seek out and attend to suggestions as well as the viewpoints of colleagues. Listening and facilitating capabilities, historical tolerance, enthusiasm, and inclusivity are all required. You will definitely have a means of addressing highlight concerns in a speech if you grasp and use the FAB technique. You will gain more expertise and assurance when displaying your qualities if you practice and study the FAB of them.

3.4) It will assist you in considering your commodity from three perspectives: Features - information on the item's packaging.