BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An activity is a repetitive action performed in fulfillment of business functions. It may be designated as value-added and non-value-added. A value-added activity (VA) is an activity that increases the worth of a product or service to the customer and for which the customer is willing to pay.

Detailed explanation-2: -An activity is a repetitive action performed in fulfillment of business functions.

Detailed explanation-3: -value-added (VA) activity. an activity that increases the worth of the product or service to the customer; an activity for which the customer is willing to pay.

Detailed explanation-4: -Lean, sometimes called lean manufacturing, is the philosophy of taking the action of identifying non-value-added activities, then making changes to the process to either eliminate actions, combine actions, or minimize actions in an effort to decrease the amount of non-value-added activities within a process.

Detailed explanation-5: -Value-Added Activities are those that transform raw materials (plastic, lithium, copper) into the finished product (a smartphone) for which the customer is willing to pay. Some examples include molding, cutting, drilling or assembling parts.