The Interaction Between Value Chains of the Organization and Its

question 15

Multiple Choice

The interaction between value chains of the organization and its suppliers, distributors, and consumers is referred to as:

• A) The value chain system
• B) 3PL
• C) Vertical integration
• D) Horizontal integration

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Definitions:

Marginal Resource Cost

The increase in total cost that results from utilizing one additional unit of a resource in production.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Labor Demand Data

Information that reflects the quantity of labor that employers are willing to hire at various wage rates.