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:

Treatments

Specific conditions applied to groups in an experiment to determine their effect on an outcome.

Mean Square

In analysis of variance (ANOVA), the average of squared differences from the mean, used to assess within-group and between-group variability.

Error

The difference between the observed value and the true value in statistics and scientific measurements.

Null Hypothesis

A statement used in hypothesis testing that indicates no significant difference or effect.