In Order to Be Successful, a Company Must Create Value

question 38

Multiple Choice

In order to be successful, a company must create value that

• A) exceeds the costs incurred to produce, distribute and service products for customers.
• B) is unique and inexpensive.
• C) is hard to imitate and more expensive than what is offered by other firms.
• D) surpasses benchmarking targets.

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Definitions:

Storage Of Information

The process by which information is encoded, maintained, and retrieved in the brain or in digital systems.

Classical Conditioning

A type of learning in which an organism responds in a particular way to a neutral stimulus that normally does not bring about that type of response.

Behavior Enactment

The process of performing or acting out specific behaviors, often studied in psychology to understand the underlying motives or influences.

Information Processing Approach

A psychological framework that examines how humans interpret, process, store, and retrieve information, similar to how computers handle data.