The Sequence of Activities That Add Value to the Organization

question 42

Multiple Choice

The sequence of activities that add value to the organization are:

• A) the value processes.
• B) the chain of production events.
• C) the value chain.
• D)the strategic cost initiatives.

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Definitions:

Order Fulfillment Centre

is a specialized facility for processing and shipping orders to customers, handling the storage, picking, packing, and shipping of products.

Factor Weights

Numbers assigned to variables based on their importance, used in mathematical models and decision-making processes to reflect the relative significance of different factors.

Variable Cost

Charges that adjust in relation to the amount of goods produced or level of enterprise activity.