Creating Value Focuses on _____________________

question 37

Multiple Choice

Creating value focuses on _____________________.

• A) Product development
• B) Branding and positioning
• C) Attention to service
• D) Pricing
• E) All of the above

---

Definitions:

Elephant Population

The elephant population refers to the total number of elephants living in the wild or in captivity, often discussed in terms of species conservation and habitat protection issues.

Tragedy of the Commons

An economic problem in which every individual tries to reap the greatest benefit from a given resource, leading to overuse and depletion of the resource to the detriment of all.

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.

Common Resources

Resources that are accessible to all members of a society but are susceptible to overutilization and depletion.