COMPUTER APPLICATIONS
DATABASE MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the value chain, the parameters used to measure the activities carried out to purchase the inputs needed to produce the company’s products. Purchase inputs include items that are all used during the product manufacturing process. called?
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Firm Infrastructure
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operations
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Procurement
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Technology development
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Human resource development
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Explanation:
Detailed explanation-1: -Procurement. Procurement refers to the function of purchasing inputs used in the firm’s value chain, not the purchased inputs themselves. Purchased inputs are needed for every value activity, including support activities.
Detailed explanation-2: -Step 1: Identify all value chain activities. Step 2: Calculate the cost of each value chain activity. Step 3: Look at what your customers perceive as value. Step 4: Review your competitors’ value chains. Step 5: Decide on a competitive advantage.
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