The Diagram Illustrating the Optimal Location of Value-Chain Activities Shows

question 13

Multiple Choice

The diagram illustrating the optimal location of value-chain activities shows that

• A)at least five factors need to be considered.
• B)having the lowest costs is the main factor.
• C)each stage can be looked at on its own.
• D)b and c.

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Definitions:

Simplicity

The quality of being easily understood or performed; favoring clear, uncluttered methods and procedures.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.

Capital Budgeting Process

Involves the evaluation and selection of long-term investments that are in line with the firm's goal of shareholder wealth maximization.

Products

Goods or services that are created through a process and offered in the market to satisfy consumer needs or wants.