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

question 47

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

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Definitions:

Resource Dependency

A theory highlighting how the external resources that organizations need to survive and thrive affect their behavior and strategies.

Price of Resource

The cost associated with acquiring a resource that is necessary for production.

Demand for Automobiles

The consumer's desire and willingness to purchase cars, influenced by factors such as income levels, fuel prices, and technological advancements.

Automobile Workers

Individuals employed in the automotive industry, involved in the design, production, or assembly of automobiles.