A Value Chain Is a Chain of Functional Activities That

question 55

True/False

A value chain is a chain of functional activities that transform inputs into finished goods or services customers value.

---

Definitions:

Free For All

A situation or event in which everyone is allowed to participate without any restrictions or rules.

Days

A unit of time that typically refers to a 24-hour period, but in finance, it can relate to payable or receivable periods.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Days In Inventory

A financial measure indicating the average number of days a company holds inventory before selling it, reflecting inventory management efficiency.