Typical Members of an Internal Value Chain of a Business

question 8

Multiple Choice

Typical members of an internal value chain of a business include all of the following except:

• A) Finance
• B) Logistics
• C) Supply Chain Management
• D) 2^nd tier supplier

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Definitions:

Freshly Made Cheese

Refers to cheese that is made and sold shortly after production, highlighting its freshness and often artisan quality.

Differentiation Approach

A business strategy aimed at offering unique products or services to a market segment to stand out from competitors.

Continuously Innovate

The ongoing commitment of businesses to develop new products, services, or processes to meet changing market demands and stay ahead of competition.

Profitable Growth

When a company increases revenues in excess of expenses over time