Which of the Following Statements Is True of a Value

question 20

Multiple Choice

Which of the following statements is true of a value chain?

• A)It is a process of analyzing the corporate social responsibilities of a company.
• B)It is a process of enhancing value by eliminating quality checks in a company.
• C)It is a method of analyzing the feedback a company receives from its clients.
• D)It is a method of depicting and evaluating the activities performed by a company.

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Definitions:

Responsiveness

The ability of a company to quickly adapt to changes in market conditions or demand.

Metric

A standard of measurement used to quantify performance, effectiveness, or efficiency in certain areas or processes.

Revenue

The total amount of money generated by a company from its normal business activities, typically from the sale of goods and services to customers.

Supply Chain Performance

A measurement of how effectively and efficiently a supply chain fulfills customer demands and operates in terms of cost, quality, and speed.