All of the Following Are Characteristics of Value Chain Management

question 103

Multiple Choice

All of the following are characteristics of value chain management EXCEPT ________.

• A)it is effectiveness oriented
• B)it is externally oriented
• C)it is efficiency oriented
• D)it focuses on both incoming materials and outgoing products and services
• E)both A and B

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Definitions:

Permanent Income Hypothesis

A theory suggesting that a person's consumption at a point in time is determined not just by their current income but by their longer-term income expectations.

Consumer Binge

A period characterized by excessive spending and consumption by consumers.

Bank Credit Cards

Financial instruments issued by banks that allow holders to borrow funds up to a predetermined limit for purchases or cash withdrawals.

Durable Goods

Goods that are designed to last and be used over a long period, such as vehicles, appliances, and furniture.