We Have Distinguished Two Types of Studies: Observational and Experimental

question 33

Essay

We have distinguished two types of studies: observational and experimental. Brieflyexplain the difference between these two types of study. You may use an example tosupport your answer but not as a substitute for an explanation.

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Definitions:

Value Chain Management

The process of managing activities and processes to add value to products or services from production to consumption.

Primary Activities

Core actions or functions that directly relate to the creation, sale, maintenance, and support of a product or service in a business's value chain.

Support Activities

Functions or operations within a business that, while not directly contributing to the product or service, facilitate effective performance of primary activities.

Value Chain Management

The process of optimizing the steps from raw material acquisition to production, distribution, and after-sales services to add value and increase efficiency within a company's operations.