The New Discipline That Evolved Out of Porter's Work on Value

question 30

Multiple Choice

The new discipline that evolved out of Porter's work on value chains is called ________.

• A)business process design
• B)value-addition chain
• C)value engineering
• D)business reengineering

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Definitions:

Volume

The quantity or amount of something, often used in context with sales volume or production volume.

Variable Cost

Expenses that change in proportion to the activity of a business, such as costs for raw materials, packaging, or labor directly associated with product manufacturing.

Activity Levels

The amount of effort or capacity utilized in the operations of a business, which can influence cost and operational efficiency.

Bonds Issued

The process of a corporation or government raising funds by selling bonds to investors.