The Value Chain of an Organisation

question 21

Multiple Choice

The value chain of an organisation:

• A)includes only those activities that are profitable
• B)is determined by what competitors choose not to do
• C)is the set of activities that the organisation undertakes or organises to deliver the product to the customer
• D)is determined by collaborating firms such that value-adding activities are arranged in a chain of value creation between collaborators

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Definitions:

Hierarchical Structure

An organizational system arranged in levels of importance or authority.

Wealthy Country

A nation characterized by a high level of economic development, significant gross domestic product (GDP) per capita, and an overall high standard of living.

Cultural Capital

Refers to the beliefs, tastes, norms, and values that people draw on in their everyday life.

Private High School

A secondary education institution that operates independently of the public school system, often funded through tuition fees, private contributions, and endowments.