The correct answer of which the statement describes is the
specified service business. The specified service business is likely to engage
of having a business that tackles a wide variety of field such having to engage
in science, arts, health, accounting, law, finance and even consulting. This is
where the principle asset of the business is known to be the skill or the
reputation of their employees.
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR.
<span>You might be able to cope with future issues more easily this the correct answer. : )</span>
Deliverable is any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project.
<h3>What is
Deliverable?</h3>
A deliverable is a tangible or intangible good or service created as part of a project and intended for delivery to a customer. A deliverable may be a report, a document, a software product, a server upgrade, or any other component of a larger project.
Every deliverable has a cost: the total amount of time, money, and labor required to create and implement that deliverable (product or service, or its component). The cost per deliverable determines your project's budget.
Anything produced or provided as a result of a process is considered a key deliverable. When goals are met, deliverables are created, and when the overall project is completed, your key deliverable is completed.
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The realization that a consumer is necessary and must play a part in order to produce value is the major premise underlying the concept of (A) value co-creation.
<h3>
What is value co-creation?</h3>
- Simply said, value creation is the process of converting resources (whether physical such as materials, or non-physical such as time) into something of perceived value.
- Car manufacturers creating vehicles, farmers planting and harvesting crops, and banks providing mortgage loans are all examples of value production.
<h3>What is value internalization?</h3>
- Internalization is a term used in sociology and other social sciences to describe an individual's acceptance of a system of standards and values through socialization.
<h3>What is value integration?</h3>
- Through synergistic innovation across the nexus economy, integrated value is the simultaneous construction of several 'non-financial' capitals (particularly infrastructural, technological, social, ecological, and human capital).
<h3>Solution -</h3>
As the definition of value co-creation states that value creation is the process of converting resources into something of perceived value.
Therefore, the realization that a consumer is necessary and must play a part in order to produce value is the major premise underlying the concept of (A) value co-creation.
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