A Value Chain Is the Sequence of Business Processes in Which

question 18

Multiple Choice

A value chain is the sequence of business processes in which:

• A) Costs are determined with activity-based principles
• B) Value is added to a product or service
• C) All non-value-added activities are eliminated
• D) Managers determine prices

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Definitions:

Problem-Solving Approach

A methodological strategy used to identify, analyze, and solve problems through a step-by-step process.

Varied Representations

The concept that information can be represented in multiple ways within the brain, including visually, verbally, and through other sensory modalities.

Unnecessary Constraints

Limitations or restrictions that are not required and can hinder problem-solving or creative thinking processes.

Nine-Dot Problem

A classic puzzle that challenges individuals to connect nine dots in a 3x3 grid using a limited number of straight lines without lifting the pen from the paper.