Creating a New Product to Add Value to Customers Is

question 26

True/False

Creating a new product to add value to customers is an example of using product implementations to achieve competitive advantage.

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Definitions:

Skilled Workers

Individuals who have acquired expertise, abilities, and experience in a particular field or job through education or training.

Uneducated Workers

Individuals within the workforce who have limited formal education, possibly impacting their job opportunities and skill development.

Professionals

Individual engaged in a profession who possess the specialized education, skills, and ethical standards of their field.

Process Innovations

The implementation of new or significantly improved production or delivery methods to enhance efficiency and effectiveness.