When Referring to the Critical Success Factors (CSFs) That Organizations

question 24

Multiple Choice

When referring to the critical success factors (CSFs) that organizations use for developing their strategic plans, the term Community best describes which characteristic?

• A)Community is society.
• B)Community is the neighborhood surrounding the organization.
• C)Community identifies the people served.
• D)Community is the group of people working within the organization.

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Definitions:

Value Chain

The major business functions that add value to a company’s products and services such as research and development, product design, manufacturing, marketing, distribution, and customer service.

Major Activities

The principal actions or operations carried out within an organization or by a project, typically contributing to achieving its main objectives.

Manufacturing Process

The sequence of operations or methods used to convert raw materials into finished goods.

Cost Of Goods Sold

Costs directly connected to the creation of a company's sold goods, encompassing both materials and labor.