Value Chain Management Sandy Is the New Strategic Manager for Solutions Tech Ltd

question 31

Multiple Choice

Value Chain Management
Sandy is the new strategic manager for Solutions Tech Ltd, a management consulting firm dedicated to assisting small businesses in the pursuit of success.He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for major Australian and multinational companies.Sandy is reviewing the business strategy at Rob's business and has some recommendations.
-Refer to Value Chain Management (Scenario) .Sandy also tells Rob that there is a difference between a value chain and a supply chain.A value chain is ________ orientated whereas a supply chain is ________ orientated.

• A)sales; profit
• B)efficiency; effectiveness
• C)internally; efficiency
• D)profit; effectiveness
• E)externally; internally

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Definitions:

Industry Professionals

refers to individuals with expert knowledge and skills related to a specific industry or field.

Capabilities

The skills, resources, and expertise that enable an individual or organization to perform tasks and achieve objectives effectively.

Offbeat And Funny

Content or strategies that deviate from the norm to engage and entertain the audience, while also promoting a brand or product.

Social Networking Site

An online platform that allows users to create a public profile and interact with other users on the website, primarily for social or professional networking.