Which of the Following Is an Approach That Links a Company

question 42

Multiple Choice

Which of the following is an approach that links a company with providers of the raw components it needs to make a product or service, manufacture that product or service, and delivers it to customers.

• A) Customer Relationship Management (CRM)
• B) Supply Chain Management (SCM)
• C) Product Lifecycle Management (PLM)
• D) Enterprise Resource Planning (ERP)
• E) Value Chain Management (VCM)

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Definitions:

Altruistic Punishment

A behavior in which an individual incurs a cost to punish another for a perceived social norm violation, often to uphold societal rules or benefits.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use doesn't reduce availability to others.

Moral Judgments

Evaluations or decisions based on the discernment of right and wrong, often influenced by an individual’s ethical beliefs and principles.

Kohlberg

Refers to Lawrence Kohlberg, a psychologist best known for his theory of stages of moral development.