Adding value refers to the process of:
A) Increasing the price
B) Increasing revenue
C) Improving a product or service for the customer
D) Doing more with less
E) Obtaining competitive information

Question

Quizplus · Accepted Answer

Adding value typically involves improving a product or service for the customer, making it more desirable or beneficial in some way. This can lead to increased revenue and higher prices, but the ultimate goal is to provide more value to the customer. Doing more with less may involve efficiency improvements or cost cutting measures, but does not necessarily involve adding value for the customer. Obtaining competitive information is a separate activity that can inform a company's strategy, but is not directly related to adding value.

Adding Value Refers to the Process Of