The Value Chain Is the Sequence of Business Functions in Which

question 170

Multiple Choice

The value chain is the sequence of business functions in which ________.

• A) value is deducted from the products or services of an organization
• B) producing and delivering the product or service is of prime importance
• C) products and services are evaluated with respect to their value to the supply chain
• D) usefulness is added to the products or services of an organization

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Definitions:

Commutative Justice

The degree to which an exchange or a transaction is fair to all parties.

Outcomes

The results or consequences of actions or events, often measured to assess effectiveness or success.

Particularistic Criteria

involves judging or evaluating individuals based on characteristics specific to that individual, rather than on universal standards.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.