Looking at Value Chains Enables a Business to

question 13

Multiple Choice

Looking at value chains enables a business to

• A) build relationships with its channel partners.
• B) improve product research and development.
• C) keep costs low.
• D) expand its distribution.
• E) expand its product portfolio.

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Definitions:

Behaviorist

A psychologist who studies behavior, emphasizing the external behaviors of people and their reactions on the environment over internal processes.

Psychological Perspectives

Viewpoints or approaches within psychology that emphasize different aspects of human behavior and mental processes.

Functional

Pertaining to the purposeful and practical use or action of something, often implying that it is designed based on its utility.

Cognitive

Pertaining to mental processes such as perception, memory, judgment, and reasoning.