Companies gain (in terms of cost,quality and the speed with which new products are developed)if two or more of the individual business functions of the value chain work concurrently as a team.

Question

Quizplus · Accepted Answer

When individual business functions of the value chain work together as a team, it leads to better coordination, communication, and integration, which results in cost savings, improved quality, and faster development of new products. This approach is known as cross-functional collaboration and is a proven strategy for enhancing organizational performance. Therefore, the statement is true.

Companies Gain (In Terms of Cost,quality and the Speed with Which