A Standard for Performance Is Included in an Organization's Overall

question 34

True/False

A standard for performance is included in an organization's overall strategic plan to compare organizational activities against.

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Definitions:

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.

Materials Flow

The movement of raw materials, components, and finished products through various stages of production and distribution.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Resource Supplies

The availability and allocation of resources (such as raw materials, finances, and labor) necessary for the production of goods and services.