[Solved] 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. Venus of Urbino: A famous Renaissance painting by Titian, representing the figure of a nude young woman in a domestic setting. Titian: A leading figure of the Italian Renaissance, celebrated for his groundbreaking approach to color and composition in painting. Palladian Architecture: An architectural style derived from the designs of the Venetian architect Andrea Palladio, characterized by classical forms, symmetry, and perspective. Villa Rotonda: A Renaissance villa in Italy, designed by Andrea Palladio, notable for its symmetrical structure and classical architectural elements.