What Is Described by the Service Value System

question 84

Multiple Choice

What is described by the service value system?

• A) How all the components and activities of the organization work together as a system to enable value creation
• B) Services based on one or more products, designed to address needs of a target consumer group
• C) Joint activities performed by a service provider and a service consumer to ensure continual value co-creation
• D) How to apply the systems approach of the guiding principle think and work holistically

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Definitions:

Demand Requirements

The specific needs and quantities of products or services required by the market at any given time.

Organizational Goals

The strategic objectives that a company aims to achieve, which guide its operations and are intended to ensure long-term sustainability and success.

HR Shortage

HR Shortage refers to a situation where there is an insufficient supply of qualified candidates to fill the existing job vacancies in an organization.

Personnel Resources

Human resources or the workforce of an organization, including the talents, skills, and labor available to perform work.