The activity of creating value in a company related to product design and production processes is research and development, this is because of the uniqueness of the products offered in the market is not valued by consumers, competitors will easily seize the company's marketing targets, in this case, the strength of the department development and research play an important role. Therefore research and development are closely related to product design and production processes.
<h2>Further explanation
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Value Chain
A value chain is a series of activities for company operations in a specific industry. The business unit is an appropriate level for value chain development, not a division or corporate level. The product goes through all the chain of activities in order, and at each activity the value of profit of several products. The activity chain provides value-added products of the total value added from all activities. It is important not to mix the concept of the value chain with costs incurred throughout all activities. Activities in the value chain are divided into 2 types, namely:
1. Primary activities:
- Inbound logistics: activities related to handling materials before use.
- Operations: activities related to processing inputs into outputs.
- Outbound logistics: activities carried out to deliver products to consumers.
- Marketing and sales: activities related to directing consumers to be interested in buying products.
- Service: activities that maintain or increase the value of a product.
2. Supported activities:
- Procurement: related to the process of acquiring inputs / resources.
- Human Resources Management: HR management from recruitment, compensation, to dismissal.
- Technological Development: development of equipment, software, hardware, procedures, in the transformation of products from input to output.
- Infrastructure: consists of departments / functions that serve the needs of the organization and bind its parts into a single unit.
There are six Value Chain business functions, as follows:
- Research and development
- Product, Service, or Process Design
- Production
- Marketing & Sales
- Distribution
- Customer Service
Learn more
Value chain brainly.com/question/1380316, brainly.com/question/7157096
Details
Class: High School
Subject: Business
Keyword: Value chain and marketing strategy.
