A Value Chain Views an Organization from an Integrative Perspective

question 36

True/False

A value chain views an organization from an integrative perspective of goods and services, while a supply chain focuses mainly on the creation of physical goods.

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Definitions:

Venture

A new business endeavor undertaken with risk in hopes of achieving financial gain or other benefits.

Customer-focused

An approach to business that prioritizes the needs and preferences of customers in product development, sales, and service.

Business Strategy

A plan of action designed by organizations to achieve certain long-term goals and objectives by leveraging resources.

Life Cycle

The stages of development and growth through which an entity passes from its inception to its termination or culminating point.