Reading required: – Read Chapter 1, 2, and 5 carefully and then answer the follo

Reading required: – Read Chapter 1, 2, and 5 carefully and then answer the following questions based on your understanding.
1. Based on the discussion made in Chapter-1 regarding the value creation concept, explain how a SR100 Timex watch and a SR20000 Rolex watch deliver value to their respective target markets? Which factors account for this dramatic difference in watch prices? Critically examine and provide your answer.