In the Value Chain, Research and Development (R&D) Is Concerned

question 52

True/False

In the value chain, research and development (R&D) is concerned with the design of products and production processes.

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Definitions:

Departmentalization

Process of dividing work activities into units within the organization.

Functional

relates to the specific roles and activities designed to achieve objectives within an organization, often grouped by department like marketing or finance.

Production

The process of creating, manufacturing, or producing goods and services.

Organization Chart

Visual representation of a firm’s structure that illustrates job positions and functions.