The Primary Activities Included in the Value Chain Include

question 21

Multiple Choice

The primary activities included in the value chain include

• A) supply chain management,operations,distribution,sales and marketing,and customer service activities.
• B) product R&D,technology and systems development.
• C) human resource management.
• D) general administration.
• E) All of these.

Understand the documentation flow in inventory management and control.

Recognize the impact of inventory management on a company’s financial statements.

Understand internal controls related to inventory management and their importance.

Identify the security measures needed to safeguard inventory.

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Definitions:

Shared Leadership

A leadership approach where roles and responsibilities are distributed among members of a group or team, emphasizing collaboration.

Team Environments

Workplaces or situations where individuals work collaboratively in groups or teams towards common goals or projects.

Internal Customers

Employees or departments within an organization that receive services or products from other parts of the organization, treating them as if they are external customers.

Informing

The act of sharing information or knowledge with others through various means to educate or update them on specific topics or events.