What is value? Why is it important?
What will be an ideal response?
Value is measured by a product's performance characteristics and by its attributes for which customers are willing to pay. Firms use their resources as the foundation for producing goods or services that will create value for customers. Value is important because firms with a competitive advantage create more value for customers than do competitors, and ultimately, creating value for customers is the source of above-average returns for a firm.
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Which of the following is an example of a contingent liability?
a. A liability for notes payable with interest included in the face amount. b. The liability for future warranty repairs on computers sold during the current period. c. A lawsuit pending against a restaurant chain for improper preparation of food. d. A corporate long-term employment contract with the chief executive officer.
The moral of the product life cycle is that companies must continually innovate; otherwise, they risk extinction
Indicate whether the statement is true or false
The combination of high dominance and low sociability defines a style known as:
A) communicative B) reflective C) supportive D) emotive E) directive
What is pay banding? How widespread is it?
What will be an ideal response?