What Is the Main Purpose of the Value Chain

question 32

Multiple Choice

What is the main purpose of the value chain?

• A) It leads to improved relationships between the organization and others in the value chain
• B) It leads to improved profitability for all members of the value chain
• C) It leads to a decreased cost base for the organization due to economies of scale
• D) It leads to increased revenue for the organization due to more efficient operations

---

Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which societies are willing to tolerate ambiguity and uncertainty.

Delaying Gratification

The ability to postpone immediate pleasure or satisfaction in order to achieve a longer-term goal.

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society feel uncomfortable with ambiguity and uncertainty.

Ambiguity

The quality of being open to more than one interpretation; lack of definiteness or clarity.