According to the Textbook, by Studying a Product's or Service's

question 8

Multiple Choice

According to the textbook, by studying a product's or service's value chain an organization can:

• A) identify ways to create additional value and assess whether it has the means to do so
• B) determine if its business plan needs to be revised
• C) determine if it is cost effective to manufacture the product or sell the service
• D) determine if an attractive niche market is available
• E) determine if a product or service will be successful in the marketplace

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Definitions:

Threatened Species

Refers to species that are vulnerable to endangerment in the near future.

Complex Brain

Refers to the advanced structure and functionality of the brain that allows for higher order processes such as reasoning, problem-solving, learning, and emotional responses.

Opposable Thumbs

A thumb that can be moved freely and independently to touch the other fingers on the same hand, allowing for precise manipulation of objects.

Ozone Concentration

The measure of the amount of ozone present in a particular area of the atmosphere, critical for blocking harmful ultraviolet radiation.