Through ________, an organization collaborates with customers and other stakeholders to create worth in the new product development process.
A) augmentation
B) innovation
C) value co-creation
D) diffusion
E) adoption

Question

Quizplus · Accepted Answer

Value co-creation is the process of collaborating with customers and stakeholders to create value in the new product development process. It involves engaging with customers to understand their needs and preferences and involving them in the design and development of new products. This collaborative approach helps organizations to create products that better meet the needs of their customers and are more likely to be successful in the market.

Through ________, an Organization Collaborates with Customers and Other Stakeholders