Value Chain Management Is ________ Oriented

question 37

Multiple Choice

Value chain management is ________ oriented.

• A)supplier
• B)internally
• C)manager
• D)externally

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Definitions:

Short Run

A period in which at least one factor of production is fixed and cannot be changed.

Purely Competitive Industry

A market structure characterized by many small firms producing identical products, with no single firm able to influence market prices.

Long Run

A period of time in economics where all factors of production and costs can be varied, allowing for the adjustment of all inputs.