The economic term for the want-satisfying ability, or value, that organizations add to goods or services is .

The want-satisfying ability, or value, that organizations add to goods or services is:Multiple choice question.serviceformsafetyutilityrecognition

________ is defined as a social and managerial process by which individuals and organizations obtainwhat they need and want through value creation and exchange.A) SellingB) AdvertisingC) BarteringD) MarketingE) Negotiating

‘Adding value to resources’ is one of the main activities of business. Explain.

It is also known as economic profit for its attempts to capture the true economic profit of a company.a.Economic Value Addedb.Weighted Average Cost of Capitalc.Weighted Average Cost of Assetsd.Ergonomic Value Added

In a business context competition:YOUR ANSWERYour Answeris a sign that consumers value the product and are willing to pay a premium to obtain the product.is the ability of a business to reach customers in new or existing markets