Which of the following statements about firms’ value creation is not correct?

A □ The value created by a firm can benefit all stakeholders.

B □ Firms that create value make profits.

C □ The value created represents the sum of consumer and producer surplus.

D □ The value created equals consumers’ willingness-to-pay minus costs.

Explanation:

Strategy can serve firms as a coordination device. Please indicate if the statement is correct or false and argue your answer logically.

A □ True

B □ False

Explanation:

Successful strategies focus on a firm’s strengths and weaknesses instead of a firm’s environment. Please indicate if the statement is correct or false and argue your answer logically.

A □ True

B □ False

Explanation:

Answer rating: 100% (QA)

A firm is a forprofit business entity that offers professional services such as a corporation limited liability company LLC or partnership Most businesses only have one location On the other hand a bu... View the full answer