Question

The model suggests that a company has a series of processes that adds value to final products and services Select one : a Mass customization b . Value chain . Strategic systems d Innovation strategy g

Answer 1

Answer:

The question is incomplete, there is a gap missing. The gap should be in between "The" and "model". Therefore the correct answer will be B: "The Value Chain model.

Explanation:

To begin with, the name of "Value Chain" in the field of business and management refers to the concept first described by Michael Porter in 1985 that implicates a set of activities or also processes, that tend to add value to the final product while the chain was going forward. The term of the chain refers to the way the product follows in order to get to the final costumer, that is the suppliers, the production inside the company and all its workers, also the other companies who distribute the product, etc. Therefore that the chain value is a set of activites that effectively, add value to the product for the final consumer.