A company can create more value for a product by:

Question

Quizplus · Accepted Answer

By making the product more attractive, a company can make customers more willing to buy it and potentially even pay a higher price for it. This can increase the perceived value of the product and generate more demand, leading to increased profitability for the company. However, simply charging a higher price without actually improving the product may not create more value for customers and could potentially harm the company's reputation. Raising production costs would also decrease profitability and may not necessarily lead to a more valuable product. Generating more profits and increasing profitability are both outcomes, rather than strategies for creating value.

A Company Can Create More Value for a Product By