This Function Can Create a Perception of Superior Value in the Minds

question 114

Multiple Choice

This function can create a perception of superior value in the minds of consumers by solving customer problems and supporting customers after they have purchased the product.

• A)Production
• B)Marketing and sales
• C)Human resources
• D)Customer service

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Definitions:

Shareholder-Value Movement

An approach in corporate governance focusing on increasing the returns to shareholders as the primary goal of a company, often influencing its strategic and operational decisions.

Corporate Profits

The earnings of a company after all expenses have been deducted from revenues, indicating the financial health and success of the business.

Procurement Agreement

A contract between two parties where one agrees to supply goods or services to the other, often used in business and government transactions.

Voluntary Enforcement

The practice of adhering to rules or agreements based on personal or organizational choice rather than legal obligation.