The Culture of a Company Can Be a Cost-Efficient Value

question 118

Multiple Choice

The culture of a company can be a cost-efficient value chain activity because it can

• A)allow for safeguarding internalized operating benefits.
• B)distinguish a company's capacity integration efforts.
• C)spur worker pride in productivity and continuous improvement.
• D)foster quality technological enhancements.
• E)increase a company's bargaining power with suppliers.

---

Definitions:

Output

The amount of goods or services produced by a company, industry, or economy.

Function

A relation between a set of inputs and a set of permissible outputs, typically defined by a rule that every input is related to exactly one output.

Production Function

A mathematical model that describes the relationship between inputs used in production and the output generated from those inputs.

Marginal Product

The increase in output that results from a one-unit increase in the input of a particular resource, holding all other inputs constant.