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What Is a Value Chain? and What Relationship Is There

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Essay

What is a value chain? And what relationship is there between the value chain and activity-based management?


Definitions:

Extrinsic Rewards

Benefits provided by external factors, such as money, grades, or awards, which motivate individuals to perform tasks.

Task Performance

The execution and completion of specific duties or assignments as part of one's role or job responsibilities.

Intrinsic Rewards

Personal satisfaction or enjoyment derived from engaging in an activity or achieving a goal, independent of any material or external rewards.

Work Outcome

The result or output of professional activities, which can be measured in terms of quality, quantity, and efficiency.

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