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:

Social Safety Nets

Public or community services that provide support to individuals and families in need, aiming to prevent poverty and social exclusion.

Puritan Ethics

A set of moral principles emphasizing simplicity, hard work, and piety, historically associated with Puritanism.

Democratic Values

Principles that support the idea of democracy, including freedom, equality, fairness, and the rule of law.

Encounter Group

A group dynamic experience focused on enhancing interpersonal relationships and emotional expression among participants.