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:

Retail Industry

The sector of the economy that deals with the sale of goods and services directly to consumers.

AI

Stands for Artificial Intelligence, a field of computer science aimed at creating machines capable of performing tasks that typically require human intelligence.

Machine Learning

A field of computer science that uses algorithms and statistical models to enable computers to perform tasks without explicit instructions, through patterns and inference.

Knowledge Representation

A field in artificial intelligence that focuses on the way knowledge is formalized, structured, and used by computers to perform complex tasks.