What Is the Biggest Obstacle to Successful Value Chain Management

question 6

Multiple Choice

What is the biggest obstacle to successful value chain management in terms of the people working for an organization?

• A)lack of time and energy
• B)how they work
• C)who they work with
• D)why they work for the organization

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Definitions:

Investment

The allocation of resources, such as capital, time, or assets, with the expectation of receiving future benefits or returns.

Useful Life

The estimated duration of time an asset is expected to be useful for the business before it becomes obsolete or too costly to maintain.

Operating Cost

Expenses associated directly with the day-to-day running of a business, including costs for materials, labor, and utilities.

Value-Based Pricing

A pricing strategy where the price of a product or service is determined by the perceived value it brings to the customer rather than its cost of production or market competition.