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Customer value analysis reveals the company's strengths and weaknesses relative to various competitors. Which of the following would be considered to be the first step in this process?
Activation Energy
The smallest quantity of energy necessary to start a chemical reaction.
Equilibrium
A state in a chemical reaction where the rates of the forward and reverse reactions are equal, leading to no overall change in the concentration of reactants and products.
Catalyst
A substance that increases the rate of a chemical reaction without being consumed or permanently altered in the process.
Equilibrium Constant
A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium for a reversible chemical reaction at a constant temperature.
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