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:

Blended

In genetics, this term traditionally referred to an outdated theory that offspring's traits are a smooth, average mix of parents' traits, replaced by the understanding of Mendelian inheritance.

Inheritance

The process through which assets, titles, debts, rights, and obligations are passed from one generation to the next upon the death of an individual.

Darwin's Evolutionary Theory

A scientific theory proposing that species evolve over time through a process of natural selection, which involves variation, inheritance, and the survival of the fittest.

Molecular Genetics

A branch of genetics that studies the structure and function of genes at a molecular level, including DNA, RNA, and protein synthesis.