Which of the Following Activities in the Value Chain Obtains

question 7

Multiple Choice

Which of the following activities in the value chain obtains raw material and semi-finished goods needed for the production process of an operations activity?

• A) inbound logistics
• B) customer service
• C) marketing and sales
• D) lead generation

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Definitions:

Articles of Incorporation

Legal documents filed with the state government to legally establish a corporation.

Proper Consideration

The requirement in contract law that something of value must be exchanged between the parties to form a valid contract.

Incorporeal Property

Refers to intangible assets owned by an individual or corporation, such as intellectual property, securities, and rights to financial accounts.

Nonprofit Corporation

A type of organization that operates without the purpose of making a profit, typically focusing on charitable, educational, or social missions.