Defining value creation and components for determining value creation per unit
Value creation depends entirely on the profitability of a particular business organization (Williams, 2011). It includes various components that help in determining the underlying assumptions on value created per unit. It mainly depends upon the value customer places on the related products for gathering extreme benefits from an internal analysis (Strydom & Smith, 2011). It depends upon the charging of prices for particular products. It relates directly with cost of creating additional products that help in creating value for smooth functioning of business enterprise (Sitkin, 2011).