Value Is Usually Created When ________

question 37

Multiple Choice

Value is usually created when ________.

• A)the end user enjoys direct pleasure and satisfaction from a company's product
• B)a company survives but has no real competitive advantage over rivals
• C)a company eliminates quality control processes as much as possible
• D)the steps in the production chain of a company are reduced

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Definitions:

Experimenter Effects

Unintended changes in study participants’ behavior due to cues that the experimenter inadvertently conveys.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Diverse Population

A group of individuals that vary in characteristics such as race, ethnicity, socioeconomic status, and cultural background.

Urban and Rural

Terms used to describe geographical areas, with "urban" referring to areas that are densely populated and "rural" referring to areas that are less populated and often characterized by farming or agriculture.