________ Is the Process of Analyzing an Organization's Activities to Determine

question 47

Multiple Choice

________ is the process of analyzing an organization's activities to determine where value is added to products and/or services and what costs are incurred for doing so.

• A) Value networking
• B) Value chain analysis
• C) Value migration
• D) Value shop
• E) Value grid trial

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Definitions:

Controllable Margin

The portion of income that remains after deducting controllable expenses, indicating the earning performance that management can influence.

Controllable Costs

Expenses that a manager or business has the power to influence or change in the short term.

Managerial Responsibility

The obligation of managers to make decisions and take actions that maximize the value and effectiveness of an organization.

Top Management

The highest level of managers within an organization, responsible for setting policies, strategic planning, and making significant corporate decisions.