Which of the following represents knowledge?
A. Skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources
B. Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
C. Data converted into a meaningful and useful context
D. Data characteristic that stands for a value that changes or varies over time
Is series of business processes that each add value to the product or service?
Key Takeaways. The value chain is a process in which a company adds value to its raw materials to produce products eventually sold to consumers. The supply chain represents all the steps required to get the product to the customer.
What views a firm as a series of business processes that each add value to the product or service multiple choice question?
The value chain model views the firm as a series or chain of basic activities that add a margin of value to a firm's products or services. These activities can be categorized as either primary activities or support activities.
What includes firm infrastructure Human resource management technology development and procurement?
The support activities include a firm's infrastructure, human resource management, technology development, and procurement. The primary activities include inbound logistics, operations, outbound logistics, marketing and sales, and customer service.
Which primary value activity in a value chain analysis acquires raw materials and resources and distributes?
nbound logistics: acquires raw materials and resources and distributes to manufacturing as required. Operations: transforms raw materials or inputs into goods and services.