Which of the following is true about value creation?
A)It refers to productivity in products and services.
B)It focuses the efforts and talents of many people to serve clients.
C)It takes used items apart and rebuilds them as products to be used again and saves up to 30% on costs.
D)It refers to a production technique in which a variety of products are crafted to fit customer specification.
E)It occurs when the result of a work task or activity makes a product or service worth more in terms of potential customer appeal than at the start.

Question

Quizplus · Accepted Answer

Value creation occurs when the result of a work task or activity makes a product or service worth more in terms of potential customer appeal than at the start. This means that the value of the product or service is increased through the work that is done, making it more appealing to potential customers.

Which of the Following Is True About Value Creation