Value Chain Analysis Aims to Identify Where Low- Cost Advantages

question 93

True/False

Value chain analysis aims to identify where low- cost advantages or disadvantages exist anywhere along the value chain from raw materials to customer service activities.

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Definitions:

Mutual Adjustment

is a mechanism of coordination among team or group members, where adjustments and adaptations are made through informal communication.

Integrator

An individual or tool that combines or coordinates separate elements or structures into a unified whole.

Standardization of Work Processes

The practice of implementing uniform procedures and criteria in organizational tasks to improve efficiency and quality.

Labour Coordination

The process of organizing and managing a workforce in order to achieve efficient production and meet organizational objectives.