Refer to the Scenario Below to Answer the Following Questions

question 87

Multiple Choice

Refer to the scenario below to answer the following questions.
Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.
-Rob seemed to understand the theory behind value chain management, but was curious about the requirements for a successful value chain. Randy informed Rob that the main requirements for successful value chain management include all of the following except __________.

• A) collaboration with suppliers and customers
• B) committed leadership
• C) technology investment
• D) competition
• E) supportive organizational culture

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Definitions:

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and adjust trade balances.

Carnations

A species of flowering plant in the Dianthus genus, often used in bouquets and floral arrangements.

Imported

Brought into a country from abroad for sale.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive.