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How would you describe a non-value-added activity?
A non-value-added activity transforms a product or service in a way that adds no usefulness to the product or service.
Which are the components of total customer value?
Product Value Personnel Value Service Value Image Value
What is the monetary value assigned to a product or service?
Price
Give two examples for flexible market offerings?
Two parts of Flexible market offering:1. Naked Solution- Containing the product and service elements that all segment members value2. Discretionary options- Containing the product and service that some segment member's value.
What is demand sensing?
Identifying customer product service expectation and value drivers: the value proposition.
How or a product or service fulfills the needs of a customer is referred to as?
value proposition
What product or service do customers value most about the automobile industry?
Oil change
transformational HR activiteis?
add value to the consumption of the firm's product/service
How value is created?
By transforming/ changing a product or service that has more market value or less production cost or both.
Any good or service that other people value and want to buy is an example of a?
Product
Why do prices of product and services change?
The term price is to demote the value of the things or service obtained the price may change for every object and service depending upon the quality and importance of the product or service we obtain.
Is teamwork a value of joint service?
Teamwork makes joint service work. This value comes across to the recipient of the joint service when teamwork offers an even greater skill, outcome or product for the recipient.
