Research and Development Is the Function of a Value Chain

question 169

Multiple Choice

Research and development is the function of a value chain that includes _____.

• A)the generation of, and experimentation with, ideas related to new products, services, or processes
• B)the detail and engineering of products
• C)the coordination and assembly of resources to produce a product or deliver a service
• D)the manner by which individuals or groups learn about the value and features of products or services

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Definitions:

Bidder's List

A bidder's list is a compilation of suppliers or contractors who have expressed interest in submitting proposals or bids for a specific project or procurement, maintained by purchasing organizations for competitive bidding processes.

Buying Center

A group within an organization responsible for making purchasing decisions.

Purchase Decision

The process and outcome of evaluating and choosing from available products or services, culminating in the act of buying.

Purchase Decision

The process and outcome of making a choice to buy a product or service after considering various factors and alternatives.