Which of the Following Is True of Value Creation by Businesses

question 25

Multiple Choice

Which of the following is true of value creation by businesses?

• A) Businesses create value for customers through realized profits and losses.
• B) Businesses create value for employees by wages earned and job satisfaction.
• C) Businesses create value for competitors through the benefits of long-term business relationships.
• D) Businesses create value for suppliers by the citizenship they display.
• E) Businesses create value for local communities by stimulating markets and innovations that didn't exist before.

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Definitions:

Confidence Level

The confidence associated with an interval estimate. For example, if an interval estimation procedure provides intervals such that 95% of the intervals formed using the procedure will include the population parameter, the interval estimate is said to be constructed at the 95% confidence level.

Confidence Interval

A breadth of outcomes, sourced from sample-derived statistics, expected to surround the unknown figure of a population characteristic.

Population Mean

The average value of all individuals or items in a defined population.

Confidence Coefficient

The probability level associated with a confidence interval, indicating the frequency with which an estimated interval would include the parameter if the experiment were repeated.