Which of the Following Is TRUE Concerning the Value Chain

question 44

Multiple Choice

Which of the following is TRUE concerning the value chain of business functions?

• A)Managers should always proceed sequentially through the value chain, since distribution, for example, cannot occur before production is completed.
• B)Senior managers from individual parts of the value chain do not have a responsibility in deciding on the organization's overall strategy.
• C)An organization can only realize gains from having individual parts of the value chain work sequentially.
• D)The value chain refers to the value added to the customer from marketing.
• E)Senior managers from individual parts of the value chain have a responsibility in deciding how resources are to be obtained and used, and how rewards are to be given.

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Definitions:

Mean

The average value obtained by dividing the sum of all values in a data set by the number of values.

Set of Data

An assembly of quantitative or qualitative values gathered for analysis or observation.

Median

The middle value in a data set, which divides the set into two equal halves.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the number of values.