The Whole Sequence of Activities That Add Value to a Company's

question 121

Multiple Choice

The whole sequence of activities that add value to a company's products and services is called:

• A)the value chain.
• B)the planning process.
• C)TQM production chain.
• D)enterprise resource planning (ERP).

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Definitions:

Active Participation

Involvement in the activities or discussions at hand with significant engagement and contribution, rather than being passively involved.

Undue Influence

An exertion of pressure or influence on someone that overpowers their will and results in an unfair advantage or agreement.

Impartiality

The principle of being fair and unbiased, making decisions and judgements based on objective criteria rather than personal feelings or interests.

Self-interest

The focus on one's own benefits and well-being, often seen as a driving force behind decision-making.