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Which one of the following is a core objective of a Business Value in an organization?
Suggested Answer: D
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According to the EPI Data Centre Professional (CDCP) Reference Materials, a core objective of a Business Value in an organization is to create value for customers and stakeholders1. This means delivering products or services that meet or exceed customer expectations, while also generating profits or benefits for the organization and its shareholders. Reducing costs, reducing the deficit, and increasing sales are possible ways to achieve this objective, but they are not the core objective itself.
35 comments · newest first
GA
Gail
10 months ago
Reducing the deficit? Really? That seems off.
OZ
Ozell
10 months ago
Totally agree with increasing sales!
EN
Ena
10 months ago
Wait, none of these options seem right to me.
TE
Tennie
11 months ago
I think reducing costs is just as important.
LU
Luisa
11 months ago
Increasing sales is definitely a core objective!
LY
Lynelle
11 months ago
I want to say that increasing sales is definitely a core objective, but I also recall discussions about reducing the deficit being crucial too.
LA
Lamar
11 months ago
I'm a bit confused; I feel like all of these options could relate to business value in some way.
AN
Annmarie
12 months ago
I remember a practice question that focused on increasing sales as a key objective. That might be the right answer here.
BE
Belen
12 months ago
I think reducing costs is important, but I'm not sure if it's the core objective of business value.
KA
Kayleigh
12 months ago
Ugh, this is a tricky one. I feel like I should know this, but I'm drawing a blank. Gotta focus and eliminate the wrong answers.
TA
Tamesha
1 year ago
Okay, let me see here. I know business value is about more than just the bottom line, so I don't think it's just about reducing costs or increasing sales. I'll have to really consider the core objectives here.
FR
Frank
1 year ago
Hmm, I'm not entirely sure about this one. I'll have to think it through carefully. Reducing costs, increasing sales, or something else - I'll have to weigh the options.
NA
Nakisha
1 year ago
This looks like a straightforward question about business objectives. I'm pretty confident I can narrow it down to the right answer.
TI
Timothy
2 years ago
I see your point, Sharen. So the answer would be C) Increasing Sales.
SH
Sharen
2 years ago
Reducing costs can be important, but ultimately increasing sales drives business value.
LO
Lon
2 years ago
But what about reducing costs? Isn't that important for business value too?
TI
Timothy
2 years ago
I agree with Sharen, increasing sales is crucial for business value.
AN
An
2 years ago
I'm going with B. Reducing the deficit. Gotta keep those bean counters happy, am I right? Accountants rule the world, you know.
LO
Loreen
2 years ago
I agree, reducing costs can also contribute to improving the bottom line.
CH
Charolette
2 years ago
Accountants definitely play a crucial role in keeping the numbers in check.
DO
Dorothy
2 years ago
Reducing the deficit is important for financial health.
AL
Alverta
2 years ago
D) None of the above
PA
Paulina
2 years ago
C) Increasing Sales
LI
Lindsey
2 years ago
B) Reducing the Deficit
CH
Chaya
2 years ago
A) Reducing Costs
LO
Loreta
2 years ago
D. None of the above. This question is a trick question, designed to lure unsuspecting candidates into the wrong answer. Wake up, people!
EL
Elvera
2 years ago
I agree with C. Increasing sales is the name of the game. After all, what's the point of a business if they're not making money hand over fist?
GA
Galen
2 years ago
I don't think any of the above options are mutually exclusive. A business needs to focus on multiple objectives to succeed.
SE
Sena
2 years ago
I agree, but reducing the deficit can also be crucial for financial stability.
VE
Vesta
2 years ago
I think reducing costs is important too. It helps increase profits in the long run.
NA
Natalie
2 years ago
Increasing sales is definitely a core objective. Without sales, a business can't survive.
SH
Sharen
2 years ago
I think the core objective of Business Value is increasing sales.
MA
Matthew
2 years ago
Definitely C. Increasing sales is the core objective of business value. Anything else is just a happy side effect.
SA
Salina
2 years ago
Reducing costs can also be important for business value, but ultimately increasing sales is key.
HI
Hillary
2 years ago
I agree, increasing sales is definitely a core objective for business value.