A Value Chain Typically Consists of Five Primary Activities That

question 83

Multiple Choice

A value chain typically consists of five primary activities that can directly provide value to customers.The activities that help customers buy the organization's products or services represent

• A)inbound logistics.
• B)outbound logistics.
• C)marketing and sales.
• D)operations.

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Definitions:

Specialization

The practice of focusing on a limited scope of products or skills to gain efficiency and quality in production.

Orange Production

The cultivation and harvesting process of oranges, often for commercial sale and consumption.

Bushels

A measure of volume commonly used in agriculture, particularly in the United States, for crops like wheat, corn, and soybeans.

Absolute Advantage

The ability of an entity to produce more of a good or service than competitors using the same amount of resources.