Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Weights of the 5 value dimension - Cost: 0 % - Quality: 4 0 % - Delivery: 2 0 % - Agility: 2 0 %
Weights of the value dimension Cost: Quality: Delivery: Agility: Innovation: Thoughts on weightingBeing a machine learning model, I don't make purchases or have personal preferences. However, when discussing product or service value from a general consumer perspective: Quality : For many consumers, the quality of a product or service is paramount. High quality ensures that the item or service meets the user's needs and lasts as long as intended. Good quality can also enhance the user experience and reduce the likelihood of problems or defects Delivery : Timely and reliable delivery is critical, especially in the era of ecommerce. If consumers order a product or service, they expect it to arrive on time and in good condition Agility : The ability of a company to adapt and respond to changes, whether it's changes in the market, customer preferences, or unforeseen challenges, is crucial. A company's agility can reflect how well they listen to and care about their customers Innovation : Innovative products or services can provide new solutions and experiences for consumers. It's not just about novelty but about adding value and staying ahead in a competitive market Cost : In this model, cost is given a weight. While cost is indeed crucial for many consumers, it's weighted here as less important than the actual value delivered by the other dimensions. But in reality, price plays a substantial role in many purchasing decisions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started