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What is a key consideration when comparing high and low potential ventures in the Diamond E-model?

a) Cost
b) Value-added
c) Market size
d) Customer satisfaction

1 Answer

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Final answer:

The key consideration when comparing high and low potential ventures in the Diamond E-model is value-added.

Step-by-step explanation:

The key consideration when comparing high and low potential ventures in the Diamond E-model is Value-added.

The Diamond E-model is a framework used to evaluate the competitiveness and potential of different ventures. Value-added refers to the additional benefits or features that a venture provides compared to its competitors. This could include unique services, innovative products, or superior customer experiences.

By focusing on value-added, entrepreneurs can differentiate their ventures and attract more customers, leading to higher potential for success.

Improved information on a website selling emeralds may affect both the demand for emeralds and the quantity of high-quality emeralds sold. Better information typically increases consumer confidence, likely increasing demand and potentially allowing for higher sales of quality products due to more informed purchasing decisions.

User Wesley Porter
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