What Are Value Drivers

question 10

Multiple Choice

What are value drivers?

• A) A set of factors (analogous to cost drivers)that are particularly effective in having a strong differentiation effect
• B) A firm's hidden success factor for creating over-the-top product features that will command the highest price in the industry
• C) A technique for easily identifying factors that validate a firm's performance
• D) A set of factors that verify the unique nature of a firm
• E) A set of guidelines for identifying the most promising upscale attributes to incorporate into a product

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Definitions:

Positive Attitudes

A mental stance that involves looking at the good side of situations, expecting positive outcomes, and maintaining a hopeful outlook.

Specific Intentions

Explicit, defined goals that an individual sets out to achieve, often detailed and focused.

Theory of Reasoned Action

A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes toward the behavior and subjective norms.

Explicit Commitment

Explicit commitment involves a clear and unequivocal promise or declaration to perform a particular action or adhere to a certain path.