Support Activities in a Value Chain Include the Processes of Finding

question 31

True/False

Support activities in a value chain include the processes of finding vendors, setting up contractual arrangements, and negotiating prices.

Recognize the concept of subbranding and its application in extending product lines.

Grasp the concept and application of multiproduct branding strategy.

Understand how mixed branding strategy is employed in the market.

Understand the concept and application of subbranding and brand extensions.

---

Definitions:

Resource Exploitation

The utilization of natural resources or assets to their fullest potential with the goal of achieving maximum benefit while considering sustainability.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within an organization, focusing on product creation, development, and distribution.

Productive Systems

Systems designed to enhance efficiency and productivity in the production of goods or delivery of services.

Finished Products

Refer to goods that have completed all stages of production and are ready for sale or distribution to the end-user.