The Value Chain in a Company Begins with

question 56

Multiple Choice

The value chain in a company begins with

• A)the customer.
• B)marketing and sales.
• C)new product development.
• D)operations.

Understand the common drivers and facilitators of successful supply chain relationships.

Differentiate among a vendor, a partner, and a strategic alliance within the supply chain context.

Identify and describe the basic types of Third-Party Logistics (3PL) firms.

Recognize the two types of logistics relationships and be able to discuss one in detail.

---

Definitions:

Genetically Transmitted

Relates to traits or conditions passed from parents to offspring through genes, embodying hereditary characteristics or diseases.

Government Disability

Financial assistance and support services provided by government agencies to individuals who have disabilities that inhibit their ability to work.

Case Management

A collaborative process that assesses, plans, implements, coordinates, monitors, and evaluates the options and services required to meet an individual's health needs using communication and available resources.

SMI

Severe Mental Illness; a term used to describe a mental disorder that significantly impairs one's ability to function in daily life over a prolonged period.