P&C pt.3
Understanding Value Creation in Business
Test your knowledge on the fundamentals of value creation in various business contexts. This quiz covers essential concepts that lay the foundation for successful marketing and customer engagement strategies.
- Learn about key terms like value for customers, employees, and investors.
- Understand different strategies businesses use to create value.
- Challenge yourself with thought-provoking questions.
Process of turning labor and resources into something that meets need of others
Value Creation
Value Motivation
Refers to specific act of offering product or service to customer
Value Creation in Business
Value Creation in Pricing
Refers to specific act of offering product or service to customer
Value Creation in Business
Value Creation in Pricing
Creating a product & services customers find consistently useful
Value for customer
Value for employees
Value for investor
Value for pricing
Creating a product & services customers find consistently useful
Value for customer
Value for employees
Value for investor
Value for pricing
Includes being loved, valued, appreciated in the place of discharging duties
Value for customer
Value for employees
Value for investor
Value for pricing
Includes delivering high returns on their capital consistently
Value for customer
Value for employees
Value for investor
Value for pricing
Simple approach; improve existing products
Creating more value
Creating new value
Creating better value
Creating good value
Most challenging approach; creating something entirely new
Creating more value
Creating better value
Creating good value
Creating new value
More straightforward; working with already something you have
Creating more value
Creating better value
Creating good value
Creating new value
Business should focus on delivering product; additional strength and power is already present
Creating intensity
Value application
Customer engagement strategy
Enganging communication
Strategies you employ in delivering or providing value to customer
Creating intensity
Value application
Customer engagement strategy
Enganging communication
Organizes interaction and activities into streamlined
Creating intensity
Value application
Customer engagement strategy
Enganging communication
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