Human Resources and Other Support Functions Are Not Value-Creating Activities

question 52

True/False

Human resources and other support functions are not value-creating activities in the value chain; only the value chain activities create value.

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Definitions:

Vendor Rating System

A method used by companies to evaluate and rate the performance of their suppliers.

Postpurchase Evaluation

The assessment conducted by consumers after buying and using a product to determine if it meets their expectations and needs.

Value Analysis

A process to improve and optimize a product or service, focusing on its functionality, to reduce costs and increase value for the customer.

Design Engineers

are professionals who apply engineering principles and software to create specifications for, design, develop, and test new or improved products.