Activities Closer to the Beginning of the Industry Value Chain

question 25

Multiple Choice

Activities closer to the beginning of the industry value chain are referred to as _________.

• A)middle activities
• B)forward activities
• C)upstream activities
• D)downstream activities

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Definitions:

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience in contrast to theoretical or academic knowledge.

Practical Intelligence

The capacity to address daily challenges through the application of wisdom acquired from past experiences, as opposed to relying on theoretical or scholarly understanding.

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience in order to effectively deal with new and unusual situations.