In regard to the value chain model, efficiency, cost and cycle time would be most related to
A)suppliers
B)inputs
C)value creation processes
D)outputs and outcomes

Question

Quizplus · Accepted Answer

Efficiency, cost and cycle time are typically associated with value creation processes in the value chain model. The processes involved in transforming inputs into outputs are critical to creating value and minimizing costs. By increasing efficiency and reducing cycle time, organizations can reduce costs and increase value for customers. Suppliers and inputs may impact the value chain, but they are less directly related to efficiency, cost, and cycle time. Outputs and outcomes are the end result of the value creation process but do not directly impact these factors.

In Regard to the Value Chain Model, Efficiency, Cost and Cycle