Each Activity a Firm Performs Along the Horizontal Value Chain

question 14

Multiple Choice

Each activity a firm performs along the horizontal value chain adds _____ value.

• A) temporary
• B) little
• C) incremental
• D) absolute

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Definitions:

Risk Society

A society where the management and prevention of risks, particularly those that are man-made, become central to social, political, and economic life.

Technological Determinism

The theory that technology shapes and determines the development of human social structure and cultural values.

Normal Accidents

The concept that in complex systems, accidents are unavoidable and inherent due to the intricate interactions and dependencies of system components.

Capital Investment

Money spent by a business entity to acquire or upgrade physical assets such as property, industrial buildings, or equipment to increase its long-term revenue.