A__________is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer.
A) product-process matrix
B) product life cycle
C) value chain
D) business cycle

Question

Quizplus · Accepted Answer

The definition provided matches the concept of a value chain, which refers to the sequence of activities involved in creating and delivering a product or service to customers. The other options are not related to this definition. The product-process matrix is a tool for analyzing the relationship between product variety and process flexibility, the product life cycle describes the stages of a product's commercial life, and the business cycle represents the fluctuation of economic activity over time.

A__________is a Network of Facilities and Processes That Describes the Flow