In Most Industries, Only Minor Costs of Producing a Product

question 58

True/False

In most industries, only minor costs of producing a product or service are incurred within operations, so production and operations does not have great value as a competitive weapon in a company's overall strategy.

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Definitions:

Valence Shell

The outermost shell of an atom containing the electrons most likely to participate in chemical reactions.

Neutral Solution

A solution of pH 7; there are equal concentrations of hydrogen ions [H+] and hydroxide ions [OH-]. Compare with acidic solution and basic solution.

Valence Electrons

The outermost electrons of an atom, which determine its chemical bonding properties.

Chemical Properties

Chemical properties are characteristics of a substance that determine how it interacts with other substances during chemical reactions, defining its composition and behavior.