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Value in Business: Definition, Visibility & Management

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In the context of value, one of the most common errors made by new entrepreneurs and business leaders is:

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1. Todd's company develops enterprise accounting software that is a turnkey financial management system for non-financial industry businesses. Since his customers do not have specific subject-matter expertise in his products, Todd's company must ensure that their value is:

2. When creating and growing value, it is important to provide adequate _____ to accomplish the objectives with excellence.

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About This Quiz & Worksheet

Using this multiple-choice quiz and worksheet is a fast way to measure your ability to answer questions about value at work. This includes details about creating and growing value.

Quiz & Worksheet Goals

You'll be quizzed on the following:

  • Value errors often made by new entrepreneurs and business leaders
  • Helping customers recognize a good deal
  • What should be provided when creating and growing value
  • A product that has significant concerns about value visibility
  • Who/what entity must realize value

Skills Practiced

  • Information recall - access the knowledge you've gained about errors often made by new entrepreneurs and business leaders that are related to value
  • Knowledge application - use your knowledge to answer a question about helping customers identify a good deal when they see it
  • Reading comprehension - ensure that you draw the most important information from the related lesson on value in business, like what must exist to accomplish objectives with excellence

Additional Learning

Further your understanding of this topic with the lesson titled Value in Business: Definition, Visibility & Management. Here are a few examples of what you'll find in this lesson:

  • Offering the lowest price instead of the highest value
  • Products that cost more, but provide higher value
  • Ways to give value higher visibility
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