The Value Chain Framework Can Be Used to View a Firm

question 46

Multiple Choice

The value chain framework can be used to view a firm as a series, a chain, or a network of basic activities that:

• A) Add value to its products and services, and thus add a margin of value to the firm.
• B) Lower costs along the product development chain.
• C) Create the perception of value and goodwill to employees.
• D) Create a smooth-flowing chain of events between the supplier and the customer.

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Definitions:

Disequilibrium

An imbalance or lack of stability in physiological systems or social situations, often leading to dysfunction or discomfort.

Malnutrition

A condition resulting from a diet lacking in essential nutrients or failing to consume adequate calories.

Peripheral Neuropathy

A condition resulting from damage to the peripheral nerves, causing weakness, numbness, and pain typically in the hands and feet.

Tactile Deficit

A condition or impairment that affects the sense of touch, making it difficult to perceive or respond to physical contact.