The "Value" of a Tangible or Intangible Resource Is Determined

question 56

Multiple Choice

The "value" of a tangible or intangible resource is determined by

• A) the resource's ability to create value for customers
• B) the price paid to acquire or make the resource
• C) the reputation that the company has in the eyes of customers
• D) the price that customers pay for products or services that are made from the resource

Comprehend the difference between effectiveness and efficiency in organizational processes.

Understand the role of business process improvement (BPI) and business process reengineering (BPR) in organizational change.

Recognize the importance of competitive forces and the value chain model in strategic planning.

Understand how different industries face varied threats and opportunities.

---

Definitions:

Globalization

The focus on creating economic, cultural, political, and technological interdependence among individual national institutions and economies.

Autonomous Vehicles

Self-driving vehicles equipped with systems and sensors that allow them to navigate and operate without human intervention.

Mobile Communications

Mobile communications involve the wireless transmission of voice and data through devices such as smartphones and tablets, enabling connectivity anytime and anywhere.

Key Technological Elements

The fundamental components or aspects of technology that drive the development and innovation within a specific field or industry.