Which of the following best describes value chain management?
A) internally oriented
B) focused only on the flow of incoming materials to the organization
C) efficiency oriented
D) effectiveness oriented
E) primary goal is to reduce costs

Question

Quizplus · Accepted Answer

Value chain management is focused on creating value for the customer through the efficient and effective management of all activities involved in creating and delivering a product or service. This means that it is both efficiency and effectiveness oriented, but the primary goal is not necessarily to reduce costs, but rather to create value. It is also externally oriented, as it considers the entire chain of activities from suppliers to customers.

Which of the Following Best Describes Value Chain Management