Value Is Created When

question 19

Multiple Choice

Value is created when:

• A)The price that the customer is willing to pay for a product exceeds the firm's direct cost of production
• B)The surplus of value is distributed between customers and producers in the industry by the forces of competition
• C)The value of a product to consumers is more than they paid for it.
• D)The price that the customer is willing to pay for a product exceeds the firm's cost.

---

Definitions:

Culture Shock

The feeling of disorientation experienced by someone when they are suddenly exposed to an unfamiliar culture, way of life, or set of attitudes.

Disorientation

A state of confusion or lack of direction, often experienced in unfamiliar situations or environments.

Perpetual Stress

A state of continuous or unending stress, often leading to adverse psychological and physical health effects.

Thinking Globally

The ability to understand and appreciate cultural differences and apply this awareness in business strategies or social interactions on a global scale.