When viewed from an economic value creation perspective,the major strategic objective for a firm is to:
A) Distribute the value created to the consumer.
B) Maximize the economic value created.
C) Improve the qualitative attributes of the product/service.
D) Decrease the producer surplus.

Question

Quizplus · Accepted Answer

Competitive advantage goes to the firm that achieves the largest difference between value and cost. Thus, the main strategic objective is to maximize the economic value created.

When Viewed from an Economic Value Creation Perspective,the Major Strategic