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Customers Are Demanding That Companies Use the Value Chain and Supply

question 136

Essay

Customers are demanding that companies use the value chain and supply chain to deliver ever-improving levels of performance regarding key success factors.Briefly describe each of the following key success factors: cost and efficiency; quality; time; innovation.For each key success factor give an example an activity that relates to that factor; and, the effect of that activity on the value chain.


Definitions:

Comparative Method

A research approach in evolutionary biology that compares different species or populations to understand adaptation, phylogeny, and function.

Shared Ancestry

The common evolutionary origin of two or more species, which is reflected in their genetic material.

Ideal Free Distribution

A theory in ecology that predicts how animals distribute themselves among habitats to maximize their fitness, assuming individuals are free to choose and are perfectly informed.

Habitats

The natural environments or places where a particular species lives and grows; it is crucial for the survival of species.

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