Under the Value Chain Concept,instead of Perceiving Whether Individual Activities

question 80

True/False

Under the value chain concept,instead of perceiving whether individual activities in the chain add value,customers only consider the overall utility of the goods or services they purchase.Under the value chain concept,the value-added activities are those that the customer perceives as adding utility to the goods or services they purchase.

---

Definitions:

Parameter

A numerical characteristic of a population, such as a population mean m, a population standard deviation s, a population proportion p, and so on.

Adjusted Multiple Coefficient

A measure in statistics used to determine the goodness of fit of a model, adjusted for the number of predictors in the model.

SSE

Sum of Squared Errors, a measure used in statistical data analysis to represent the discrepancy between the data and an estimation model.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression (e.g., the 4 in 4x).