During the ________ Activity in the Value Chain Stage,the Company

question 5

Multiple Choice

During the ________ activity in the value chain stage,the company receives materials it needs to manufacture its products.

• A)inbound raw materials
• B)production
• C)outbound finished product
• D)marketing
• E)customer service

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Definitions:

Cross Selling

The practice of selling additional products or services to an existing customer, often to increase revenue without the cost of acquiring a new customer.

Product Development Method

An approach or set of structured steps used to guide the development of a new product from concept to market launch.

Existing Customers

Individuals or entities that have previously purchased or currently use a company's products or services.

Growth Strategies

Plans implemented by organizations to increase their size, revenue, or market share through diversification, market penetration, product development, or market development.