This is an example of <u>value co-creation.</u>
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What is value co-creation?
- Value co-creation is the joint creation of value by the company and the customers, allowing the customers to co-construct the service experience to suit their context.
- Subsequently, given that the co-creation of value not only affects the bilateral relationship between the consumer and the company, the definition has been transformed to incorporate the multiple agents involved in the process.
- Value co-creation describes the way actors behave, interact, interpret, experience, use, and evaluate propositions based on the social construction of which they are a part.
- The first studies on co-creation assimilated this concept to that of co-production, defined as the participation of the consumer in some of the phases of the development of new products, mainly applied in leading brands.
To know more about value co-creation, refer:
brainly.com/question/14970562
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Answer:
1. Illegal
2. illegal: forbidden by law
Answer:
B, first-mover advantages
Explanation:
First-mover advantage is the advantage gained from being the first to occupy a particular market position. Acronymed FMA, First-mover advantage helps to ensure that the first and early comer to a market position gains control of resources thus giving the firm a competitive advantage in the market.
I hope this helps.
Here is the correct question below:
A firm's formal organization would be better suited than its informal organization to: A. create an atmosphere of friendship and camaraderie among workers.B. find answers to critical problems that require logical analysis.C. find creative solutions to short-term problems.D. find a way around bureaucratic rules and regulations in order to get things do
Answer:
B. find answers to critical problems that require logical analysis
Explanation:
Every firm is faced with challenges, as a result one of the major goal of every organization, is to find solution to critical problems, using logical analysis.