Solutions (Scenario) Ramzy Is the New Strategic Manager for Solutions Tech, Inc

question 61

Multiple Choice

Solutions (Scenario)
Ramzy is the new strategic manager for Solutions Tech, Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Jassem, who is the owner of a successful small business that creates computer displays for big companies. Ramzy is reviewing the business strategy at Jassem's business and has some recommendations.
-Before making any recommendations, Ramzy informed Jassem that a_________ is the entire series of organizational work activities that add value at each step, beginning with the processing of raw materials and ending with finished product in the hands of end users.

• A) supply chain
• B) ethical chain
• C) value chain
• D) financial chain

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Definitions:

Breach of Contract

The failure to perform an obligation or promise specified in a contract, which can lead to legal action by the injured party for damages or enforcement.

Landlord's Consent

Landlord's consent is the approval a landlord must give for certain actions by the tenant, such as alterations to the property or subletting.

Majority Rule

A decision-making process in which the preferences or votes of more than half of the members of a group determine the outcome.

Minority Rule

A governance structure or situation where a smaller segment of the population holds disproportionate power or authority over the majority.