A Value Chain Describes the Activities That Capture the Most

question 22

True/False

A value chain describes the activities that capture the most value in a supply chain, where such value resides, and to whom the value accrues.

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Definitions:

Compliance

The act of following, adhering to, or being in accordance with established guidelines, specifications, or legislation.

Common Defense

A concept referring to measures taken by a nation or group of nations to protect against common threats or aggression.

Voluntarily Assumed

Taking on responsibilities or obligations by choice rather than because of a legal requirement.

Defect Exists

A statement indicating that a flaw or fault in a product or service has been identified.