A company creates _______ by converting inputs that cost C into a product on which consumers place a value of V.
A) value
B) wants
C) profits
D) demand
E) profitability

Question

Quizplus · Accepted Answer

The company creates value by transforming inputs (which cost C) into a product that has a value (V) to consumers. This process of adding value is fundamental to business operations and is distinct from generating profits, wants, demand, or profitability, which are outcomes or aspects influenced by the value created.

A Company Creates _______ by Converting Inputs That Cost C