Successful Companies Devote Time and Resources to Value Chain Management

question 64

Essay

Successful companies devote time and resources to value chain management, using CRM, TQM, and other techniques to improve goods and services. Describe the primary motivation for this investment and distinguish which general product attributes or qualities these techniques strive to achieve.

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Definitions:

Insulate

To protect something from heat, electricity, or sound by surrounding it with a material that reduces or prevents the transmission of heat, electricity, or sound.

Lava Fountains

eruptions where lava is forcefully sprayed into the air through a vent or fissure, resembling a fountain.

Scoria Cones

Volcanic cones made up of fragments of lava or rock ejected during explosive eruptions, usually with a bowl-shaped crater at the summit.

Basaltic Lava

A dark, fine-grained volcanic rock that forms from the quick cooling of basaltic lava, rich in iron and magnesium.