A Value Chain Is a Series of Functional Activities That

question 74

True/False

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

---

Definitions:

Decision Making

The process of selecting the best course of action from several alternatives to achieve a specific goal.

Product-Development Activities

The series of tasks involved in designing, creating, and bringing a new product to market.

Cash Flow Problems

Arise when an organization struggles to maintain sufficient cash inflows to meet its outgoing financial obligations.

Human Limitations

Refers to the natural constraints on what individuals can physically and mentally achieve.