In a Broad Sense, Creating Value Includes Two Elements

question 54

Multiple Choice

In a broad sense, creating value includes two elements:

• A)Create value for stakeholders, and then translate this value into low price for customers
• B)Create strong customer loyalty, and then to progressively increase prices, thereby creating extra value
• C)Create value for customers, and then extracting some of that customer value as profit
• D)Create value for customers, and extract some of that customer value through strong motivation of employees

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Definitions:

Effective Number

A statistical concept that represents the number of units in a dataset that contribute information to a particular analysis, often used in the context of sample size or diversity.

Risk of Dying

The probability or chance of an individual dying from a specific cause or in a given time period.

Metastatic Cancer

Cancer that has spread from the primary site of origin to different areas of the body through the lymph system or bloodstream.

Piece-Rate System

A pay system where employees are compensated based on the amount of work they complete, commonly used in manufacturing and production jobs.