Which of the Following Is Essential for a Good Value

question 104

Multiple Choice

Which of the following is essential for a good value chain management?

• A) The materials management function should hold greater inventories in order to increase costs.
• B) The marketing function should define business in terms of customer needs rather than the type of products.
• C) The production function should locate customers and persuade them to buy the company's products.
• D) The sales function should control the movement of physical materials from the procurement of inputs to delivery to the customer.
• E) The customer service function should focus on offering high-quality products at higher prices.

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Definitions:

Client Confidentiality Rule

Legal and ethical obligation of professionals to keep information related to a client secret unless given permission to disclose.

Financial Condition

The status of an individual's or organization's financial health and stability, often assessed through analysis of assets, liabilities, income, and expenditures.

Conflict of Interest

A situation where an individual's or entity's personal interests could potentially interfere with their professional duties or responsibilities.

Representing

Acting on behalf of someone or something, or serving as a symbol or exemplar of a certain quality or idea.