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Of All the Value Creation Activities in a Firm,which of the Following

question 57

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Of all the value creation activities in a firm,which of the following creates value by discovering consumer needs and communicating them back to the R&D function of the company,which can then design products that better match those needs?


Definitions:

Future Research Needs

Identifies areas where additional studies are required to fill gaps in the current understanding or knowledge.

Theory

A set of principles or explanations that accounts for a phenomenon, predicting or explaining its nature and relationship with other phenomena.

Research Idea

The initial concept, theory, or question that drives the formulation and execution of a research project, often leading to the development of hypotheses and study design.

Original Contribution

A unique addition to the body of knowledge in a particular field, often a requirement for academic research, indicating new perspectives, findings, or interpretations.

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