Value Creation Is What the Firm Adds to a Product

question 50

True/False

Value creation is what the firm adds to a product or service by virtue of making it; it's the amount of benefits provided by the product or service once the costs of making it are subtracted.

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Definitions:

Consensus

A general agreement among a group of people or in the literature on a particular issue or decision.

Distinctiveness

The quality of being easily distinguishable or unique from others, often used to describe characteristics that set individuals, groups, or objects apart.

Disposition

The inherent qualities of mind and character that influence an individual's behavior and attitudes.

Behaviour

The actions or reactions of an individual or group in response to external or internal stimuli.