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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Answer:
C. $400,000
Explanation:
The computation of the gross profit is shown below:
Gross profit = Net Sales - costs of goods sold
= $500,000 - $100,000
= $400,000
For determining the gross profit, we deduct the costs of goods sold from the net sales, so that the true value can come. It is shown in the income statement
All other information which is given is not relevant. Hence, ignored it
The reduction of waste, most economic concepts are focused on growth and consumption. Reducing waste doesn't really fit this.
Answer:
A) Sale of goods
Explanation:
When an individual or a business purchases a good (merchandise, product, object), the owner of the good is selling that good to the buyer.
When a good is leased, it means that it is being rented. This means that the leased good can be used by the lessor during a specific amount of time and them it must be returned.
A service contract involves a service being provided by one individual or company to another.
The two primary competitive levers that managers can use are value and cost in order to answer the question of how to compete.
The term common overall performance lever refers to a circumstance, technique, or functionality that allows lengthy-term, ethical, and exceptional universal performance to stand up. By means of the use of the extension, because of this such ordinary overall performance levers may be used to enhance commercial enterprise overall performance and profitability while known as upon.
Will respond effectively, corporations ought to reputation at the five 'productiveness levers,' or instructions of things that may be acted upon as a way to result in preferred adjustments: people, techniques, structures, records, and property (matters).
Our member-pushed cognizance of these three opportunity levers: technique, innovation, and advertising, and marketing and advertising can assist function us to provide the maximum member price now and in the future.
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