As One of the Primary Components of the Value Chain

question 63

Multiple Choice

As one of the primary components of the value chain, operations involves:

• A) service, maintenance, and customer support.
• B) sourcing and purchasing functions.
• C) delivering products or services to consumers, distribution centers, retailers, or other partners.
• D) turning inputs into products or services.
• E) new product and process design.

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Definitions:

Availability Heuristics

A mental scheme that draws on the most immediate exemplars that come to mind for the appraisal of a specific subject, idea, methodology, or decision.

Representativeness Heuristics

A cognitive bias where an individual categorizes a situation based on how similar it is to a typical case from a category.

Language Abilities

The capacity to understand, produce, and use verbal and written communication effectively, a key aspect of human cognition and social interaction.

Sign Language

Sign Language is a visual means of communication using hand gestures, facial expressions, and body language, primarily used by deaf and hearing-impaired individuals.