A Value Chain Is a Supply Chain, but Its Emphasis

question 45

Multiple Choice

A value chain is a supply chain, but its emphasis in on examining how value

• A) is perceived by the customer.
• B) is created or destroyed by a channel member.
• C) is compared to the competition.
• D) can be added at the point of purchase.
• E) can be added during the product development phase.

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Definitions:

ADR

Alternative Dispute Resolution; a range of processes such as mediation and arbitration that resolve disputes outside of the court system.

Subcontractors

These are third-party businesses or individuals hired by a primary contractor to perform specific tasks as part of a larger project, operating under a separate contract.

Disputes

Conflicts or disagreements between parties that may involve legal action to resolve.

Early Neutral Evaluation (ENE)

A dispute resolution process where an unbiased third party assesses the strengths and weaknesses of each side's case early on.