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

question 32

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) .At the conclusion of the meeting, Sandy wanted to convince Rob that the value chain was very important and practical.Sandy briefly reviewed the results of a survey of manufacturers that had embarked on value chain management.Sharing the results of the survey with Rob, Sandy indicated that as well as improved logistics and improved product development, ________ was a benefit that companies reported on this survey.

• A)increased sales
• B)cost savings
• C)increased market share
• D)inventory reductions
• E)enhanced customer order management

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Definitions:

Effective Loan Rate

The actual cost of borrowing expressed as an annual rate, including interest, fees, and any other charges associated with the loan.

Future Value

The value of an investment or cash flow at a specified future date based on a certain interest rate.

Constant Dollar

An accounting method that adjusts financial statements for inflation, thereby allowing comparison of buying power across different periods.

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.