In a Value Chain,service Involves

question 15

Multiple Choice

In a value chain,service involves:

• A) tasks associated with receiving, storing, and disseminating incoming goods.
• B) processing raw materials into finished goods.
• C) activities for identifying customer needs and generating sales.
• D) activities to support customers after the sale of products.

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Definitions:

FCFS

FCFS, or First-Come, First-Served, is a scheduling principle where requests are processed in the order in which they were received, with no regard to their importance or priority.

Arrival Rate

Arrival Rate is the frequency at which units, such as customers, goods, or messages, arrive at a particular point or system per unit of time.

Drive-In Restaurant

A type of eatery where customers can order and consume food without leaving their cars, often featuring a large parking area and order stations.

SimQuick

A software package for Excel that allows users to simulate business processes quickly and effectively.