An Example of How Companies Can Revamp Their Value Chain

question 33

Multiple Choice

An example of how companies can revamp their value chain to reduce costs is to

• A)have suppliers locate their plants close to companies' own facilities.
• B)continue to utilize traditional methods of distribution and sales.
• C)not make any changes in product manufacturing but change end distribution methods.
• D)increase extra services to increase staffing requirements.
• E)facilitate the learning curve by providing superior training to new employees.

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Definitions:

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, encompassing several tribes.

Huron Nation

A confederation of four Iroquoian-speaking Native American tribes who lived in the Great Lakes region, known for their role in the fur trade in the 17th century.

English Civil Wars

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century over governance and religious issues.

Oliver Cromwell

A key figure in English history who led the parliamentary forces in the English Civil War and later served as the Lord Protector of the Commonwealth of England, Scotland, and Ireland.