In the Context of the Primary Value Chain Functions, Which

question 19

Multiple Choice

In the context of the primary value chain functions, which of the following exemplifies the production function?

• A) A doctor at the CityCare Clinic treats a patient.
• B) FastOn Traders delivers products to the end customer.
• C) Irond Systems innovates a new version of its existing handset.
• D) WillyNet Bank uses information systems to track its monetary dealings.

Identify and explain the processes involved in running simulations using Crystal Ball.

Define and apply the concept of critical paths in project management models.

Describe the process of defining assumptions in Crystal Ball.

Explain the significance and procedure of risk analysis in project management.

---

Definitions:

Encourages Customers

Strategies or actions taken by businesses to motivate potential buyers to purchase their products or services, often through promotions, excellent customer service, and engaging marketing.

Incubator

A program or facility designed to help new and startup companies develop by providing services such as management training or office space.

Lower-Than-Market Rent

Rental rates offered at a price below the current market average, often used as an incentive or for strategic reasons.

Process Layout

A way to arrange a manufacturing business by placing all comparable equipment together in the same area.