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The Value Chain Is Not the Complete Business System of the Focal

question 95

True/False

The value chain is not the complete business system of the focal firm.


Definitions:

Importance

The state or fact of being of great significance, value, or consequence.

Cycle View

a perspective in supply chain management focusing on the repeating stages or activities in the supply chain, from raw materials to end-user delivery.

Supply Chain

A structure of collaborators, operatives, enactments, enlightenment, and resources purposed for the channeling of a product or service from the merchant to the clientele.

Processes

Structured sets of activities or tasks that, when executed in sequence, achieve a specific outcome or goal.

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