Strategic Management Can Be Defined as the Development of a Sustainable

question 40

Multiple Choice

Strategic management can be defined as the development of a sustainable:

• A) Chain of command.
• B) Competitive position.
• C) Cash flow.
• D) Business entity.
• E) Company image.

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Definitions:

Value Chain

A series of activities undertaken by a company to deliver a valuable product or service to the market, focusing on adding value at each step.

Manufacturing Chain

The sequence of processes involved in the production and distribution of a commodity.

Product Chain

The sequence of processes involved in the production and distribution of a product, from raw materials to the final consumer.

Just-In-Time Inventory

A supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.