The Value Chain Is the Sequence of Business Functions in Which

question 170

Multiple Choice

The value chain is the sequence of business functions in which ________.

• A) value is deducted from the products or services of an organization
• B) producing and delivering the product or service is of prime importance
• C) products and services are evaluated with respect to their value to the supply chain
• D) usefulness is added to the products or services of an organization

Identify the steps of the scientific process in entrepreneurship.

Learn the significance of adapting or persevering in response to experimental outcomes.

Grasp the concept of low-cost, rapid experimentation for validation of business ideas.

Appreciate the value of validations and learning from prototypes and minimum viable products.

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Definitions:

Freudian Terms

Concepts and theories proposed by Sigmund Freud that relate to psychosexual development, personality, and the unconscious mind.

Psychological Energy

A theoretical concept referring to the use of mental resources or drive to perform tasks, involving processes like motivation, attention, and effort.

Ego

In Freudian theory, the mental structure that develops out of the id as the infant is forced by reality to cope with the social world. The ego mediates between the id and the social world, allowing children to control and regulate behavior.

Superego

In Freudian terms, the conscience. It represents the authority of the child’s parents and sits in stern judgement of the ego’s efforts to hold the id in check. It becomes a major force in the personality in middle childhood.