The Value Chain for a Merchandising Entity Includes

question 80

Multiple Choice

The value chain for a merchandising entity includes:
i. design.
ii. purchasing.
iii. marketing.
iv. distribution.

• A) i and ii
• B) ii, iii and iv
• C) ii and iv
• D) i, ii and iii

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Definitions:

Alternative Course

A different plan or method that could be chosen instead of the original or current one.

Theory of Constraints

A management philosophy focusing on identifying and managing the most limiting factor (constraint) that stands in the way of achieving a goal.

Bottlenecks

Points of congestion in a production system where the workload arrives too quickly for the production process to handle, often leading to delays and lower efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.