The acquisition/payment process helps an organization create value for its stakeholders.Which of the following authors developed a model that assists in understanding value creation?
A)Porter
B)Vroom
C)Pacioli
D)Gates

Question

Quizplus · Accepted Answer

Michael Porter developed the value chain model, which helps in understanding how an organization creates value for its stakeholders. The model identifies a sequence of activities businesses undertake to create value, starting from inbound logistics to operations, outbound logistics, marketing and sales, and service. By analyzing each activity, an organization can identify areas where it can reduce costs, increase efficiency, or differentiate its products or services to create more value for customers and stakeholders.

The Acquisition/payment Process Helps an Organization Create Value for Its