Managers Often Break Activities into Four Groups for Value Chain

question 40

Multiple Choice

Managers often break activities into four groups for value chain analysis. Which of the following is not an activity category among those four groups?

• A) Unnecessary activities that cannot be eliminated
• B) Necessary activities that could be changed to improve the process
• C) Necessary activities that cannot be improved upon at this time
• D) Unnecessary activities that can be eliminated quickly

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Definitions:

Long-Term Planning

The process of setting major goals and objectives and outlining the strategies to achieve them over an extended period, usually several years into the future.

Acquisition Strategy

The plan or approach a company uses to acquire other companies or assets to achieve growth, diversify, or gain competitive advantages.

Manufacturing and Distribution Center

A facility that combines both the production of goods and their distribution to retailers or consumers, streamlining the supply chain process.

Performance Orientation

A focus on achieving excellence and high performance in tasks, whether individually or by groups.