In Contrast to ________ Management, Which Is Internally Oriented and Focuses

question 113

Multiple Choice

In contrast to ________ management, which is internally oriented and focuses on the efficient flow of incoming materials to the organisation, ________ management is externally oriented and focuses on both incoming materials and outgoing products and services.

• A)service chain; value chain
• B)supply chain; value chain
• C)value chain; supply chain
• D)supply chain; productivity chain
• E)value chain; productivity chain

---

Definitions:

Business Intelligence

Refers to technological processes and tools that transform raw data into meaningful and useful information for business analysis purposes.

Financial Management

The practice of planning, directing, and controlling financial activities such as procurement and utilization of funds of an enterprise.

HR Management

The practice of recruiting, managing, and developing an organization's employees to maximize their performance.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as effectively as possible.