Strategies an Organization Develops to Provide Value to the Customers

question 264

Multiple Choice

strategies an organization develops to provide value to the customers it serves is called a(n)

• A) mission statement.
• B) objective goal.
• C) vision statement.
• D) business model.
• E) protocol.

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Definitions:

Furniture Maker

An individual or company that specializes in designing and manufacturing furniture.

Furniture Store

A furniture store is a retail establishment that sells a variety of furniture items, such as sofas, beds, tables, and chairs, for different rooms in a home or office.

Local Optimization

Focusing on improving or optimizing a specific part of a system or process, without necessarily benefiting the system as a whole.

Pull Data

Accurate sales data that initiate transactions to “pull” product through the supply chain.