When They Add Products,services,and Processes to Their Offerings,firms Can Create

question 93

Essay

When they add products,services,and processes to their offerings,firms can create and deliver value more effectively by satisfying the changing needs of their current and new customers or by keeping customers from getting bored with the current product or service offering.How did Steve Jobs,the Apple company's founder and visionary leader,change the phone,camera,communication,and technology markets?

---

Definitions:

Human Capital

The economic value of an individual’s skills, knowledge, and experience, considered in relation to their contributions to an economy or business.

Market Proxy

Market Proxy is a representative element, such as a stock index, that is used to approximate the behavior or characteristics of the overall market.

True Market Portfolio

An idealized portfolio that includes all available assets in all global financial markets, proportionally weighted by their total market value.

Regression Equation

An equation used in statistics to describe the relationship between variables, where it quantifies how the value of a dependent variable changes when any one of the independent variables is varied.