Which Stage of Activity in the Value Chain Involves Activities

question 79

Multiple Choice

Which stage of activity in the value chain involves activities that enhance or maintain the value of the product,such as by installation or repair?

• A)services
• B)operations
• C)outbound logistics
• D)marketing and sales
• E)procurement

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Definitions:

Dominant Strategy

In game theory, an approach that secures the optimal result for a participant, no matter the actions taken by other competitors.

Cooperate

To work or act together towards a common goal or benefit, often seen in contexts of game theory, business, and social interactions.

Defect

An imperfection or shortcoming in a product, system, or process that detracts from its intended function or performance.

Payoff

The return or profit gained from an investment or decision.