Asked by Marina González on Jul 04, 2024
Verified
Which of the following could potentially capture the value created in a market
A) Suppliers
B) Industry rivals
C) Buyers
D) All of the above
Value Creation
The process through which businesses or organizations generate added value for customers, stakeholders, or society at large, often leading to competitive advantage.
Suppliers
Businesses or individuals that provide goods or services to another entity, typically within a supply chain or production process.
Industry Rivals
Companies within the same industry that compete with one another for market share and profitability.
- Recognize the importance of creating and sustaining competitive advantages to capture value in a market.
Verified Answer
Learning Objectives
- Recognize the importance of creating and sustaining competitive advantages to capture value in a market.
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