A Value Chain Differs from a Supply Chain in That

question 70

Multiple Choice

A value chain differs from a supply chain in that a value chain:

• A) is a system of people, activities, information, and resources involved in creating a product and moving it to the customer.
• B) charts the path by which products and services are created and eventually sold to customers.
• C) is a broader concept than a supply chain.
• D) concept is fixated on how fast products can be made available to consumers.
• E) creation requires the components of agility, adaptability, and alignment.

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Definitions:

Employee Referrals

A hiring method where current employees recommend candidates for open positions within the organization, often rewarded with incentives for successful hires.

Hiring Volume

The quantity or number of positions a company or organization aims to fill within a certain timeframe, indicating the scale of recruitment activity.

Retention

The ability to keep or hold on to information, people, or objects over a period of time.

Organizational Socialization

The process by which a new employee learns the values, skills, behaviors, and social knowledge necessary for successful integration into an organization.