It Is Becoming More Common to See Manufacturing Firms Use

question 28

Multiple Choice

It is becoming more common to see manufacturing firms use the value chain to take strategic steps to improve the overall profitability of the firm by:

• A)Placing greater emphasis on the value chain.
• B)Moving to an emphasis on upstream activities in the value chain.
• C)Moving to an emphasis on downstream activities in the value chain.
• D)Identifying most profitable customers.
• E)Finding low-cost manufacturing locations.

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Definitions:

Motivation

Concept with two widely used meanings: (1) an internal state that leads to effort expended toward objectives and (2) an activity performed by one person to get another to accomplish work.

Need Theory

A psychological theory postulating that human motivation is influenced by a set of innate needs.

Career Planning

Career Planning is the continuous process of setting individual career goals and mapping out the path to achieve them, considering various opportunities and challenges.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, referring to the realization of an individual's potential, self-fulfillment, and personal growth.