P&C pt.3

An infographic style image depicting various aspects of value creation in business, including terms like customer value, employee engagement, and innovative strategies, with vibrant colors and icons representing each aspect.

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.

13 Questions3 MinutesCreated by CraftingVision47

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

P&C pt.3

Understanding Value Creation in Business

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