What is the key to creating value?

Question

Quizplus · Accepted Answer

The key to creating value is to provide consumers with benefits that meet their needs and wants. By doing so, consumers will see the product or service as valuable and be willing to pay for it. Accurately advertising a product, being the first to create a new product or service, convincing consumers that they need a product (even if they do not perceive that they do), and pricing products lower than the competition are all potential strategies for creating value, but they are not as fundamental as meeting consumers' needs and wants.

What Is the Key to Creating Value