A Linked Set of Value-Creating Activities Beginning with Basic Materials

question 90

Multiple Choice

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a(n)

• A)value chain.
• B)continuum of sustainability.
• C)strategic capability.
• D)fully integrated activity set.
• E)a strategic group.

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Definitions:

Bureaucratic Control

A system of managing an organization through a formalized set of rules and procedures, ensuring standardization and consistency across operations.

Customer Feedback

The information, insights, and input that a business receives from individuals who use its products or services, which can be used for improvement and growth.

Sales And Profitability

measures of the effectiveness of a company's operations; where sales refer to the revenue from goods or services sold, and profitability is the extent to which this revenue exceeds the costs incurred.

Historical Approach

A method of research that examines past events and developments to understand the present and anticipate future trends.