In the value chain model, efficiency, cost, and cycle time are related to _____.
A) management processes
B) inputs
C) value-creation processes
D) outputs and outcomes

Question

Quizplus · Accepted Answer

Efficiency, cost, and cycle time are directly related to the value-creation processes within the value chain model. The value-creation processes are the core activities of a business that create value for the customer and ultimately generate revenue for the company. Improving efficiency, reducing costs, and minimizing cycle time within these processes can lead to increased profitability and competitiveness.

In the Value Chain Model, Efficiency, Cost, and Cycle Time