BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the correct sequence of the value chain?
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design, research and development, production, supply, marketing, customer service, distribution
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research and development, design, supply, production, marketing, distribution, customer service
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research and development, design, supply, production, marketing, customer service, distribution
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supply, research and development, design, production, marketing, distribution, customer service
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Explanation:
Detailed explanation-1: -The value chain framework is made up of five primary activities–inbound operations, operations, outbound logistics, marketing and sales, service–and four secondary activities–procurement and purchasing, human resource management, technological development and company infrastructure.
Detailed explanation-2: -Value chain analysis is a process that requires four interconnected steps: data collection and research, value chain mapping, analysis of opportunities and constraints, and vetting of findings with stakeholders and recommendations for future actions.
There is 1 question to complete.