Value Chain Management
Sandy is the new strategic manager for Solutions Tech Ltd, a management consulting firm dedicated to assisting small businesses in the pursuit of success.He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for major Australian and multinational companies.Sandy is reviewing the business strategy at Rob's business and has some recommendations.
-Refer to Value Chain Management (Scenario).Before making any recommendations, Sandy informed Rob that a ________ is the entire series of organisational work activities that add value at each step beginning with the processing of raw materials and ending with finished product in the hands of end users.
A)ethical chain
B)technology chain
C)supply chain
D)value chain
E)financial chain

Question

Quizplus · Accepted Answer

A value chain is the entire series of organizational work activities that add value at each step beginning with the processing of raw materials and ending with finished product in the hands of end users. Therefore, the best choice is D) Value chain. The other choices are either unrelated or do not accurately describe the process that Sandy is reviewing.

Value Chain Management Sandy Is the New Strategic Manager for Solutions Tech Ltd