Business Value Applications Quiz

Improving decision-making and problem-solving (correct)

Increasing market competition and reducing regulations

Maximizing profits and minimizing costs

Enhancing customer satisfaction and loyalty

By expanding into unrelated business sectors

By reducing employee training and development

By focusing on customer needs and preferences (correct)

By increasing product prices regardless of quality

Relying solely on cost-cutting measures

Ignoring market trends and customer preferences

Emphasizing short-term gains over long-term relationships

Understanding the importance of customer feedback (correct)