Two Key Elements of Managing the Value Chain Include Managing

question 119

Short Answer

Two key elements of managing the value chain include managing the supply chain and ________________________.

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Definitions:

Variable Ratio Schedule

A type of operant conditioning reinforcement schedule in which a response is reinforced after an unpredictable number of responses.

Reinforcement

In behavioral psychology, a consequence applied to an organism's environment that causes an increase in the likelihood of a repeat of the preceding behavior.

Rewards

Benefits, compensation, or other forms of acknowledgment provided to individuals or organizations as recognition of their accomplishments or desired behavior.

Schedule of Reinforcement

A schedule of reinforcement is the pattern and timing of rewards or punishments that influence the learning and behavior of individuals.