A Value Chain Is a Supply Chain, but Its Emphasis

question 45

Multiple Choice

A value chain is a supply chain, but its emphasis in on examining how value

• A) is perceived by the customer.
• B) is created or destroyed by a channel member.
• C) is compared to the competition.
• D) can be added at the point of purchase.
• E) can be added during the product development phase.

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Definitions:

Coffeemaker

An appliance used to brew coffee by passing hot water through ground coffee beans.

Running Shoes

Footwear specifically designed to support the feet during the physical activity of running, incorporating features to enhance performance and minimize injury.

Behavioral Learning

The process by which individuals change their behavior based on the consequences of past actions, through processes such as conditioning and reinforcement.

Cognitive Learning

A process of acquiring new knowledge and understanding through thought, experiences, and the senses.