ENTREP VALUE AND SUPPLY

It involves collecting, storing, and distributing a product or service to a customer.

• Outbound Logistics

• Marketing and Sales

• Manufacturing operations

• Inbound Logistic

These are a company's support systems and the functions that allow it to maintain daily operations.

• Infrastructure

• Manufacturing operations

• Outbound Logistics

• Marketing and Sales

All those activities increase the value of products or services

• Marketing and Sales

• Services

• Inbound Logistic

• Manufacturing operations

It deals with receiving, storing, and distributing inputs internally

• Marketing and Sales

• Services

• Manufacturing operations

• Inbound Logistic

This is what the organization does to get the resources it needs to operate.

• Technical Development

• Human Resource Management

• Infrastructure

• Procurement

Involves activities that create awareness among the public regarding the product.

• Advertising

• Marketing and Sales

• Publicity

• Promotion

This is how well a company recruits, hires, trains, motivates, rewards, and retains its workers.

• Human resource management

• Technological development

• Infrastructure

• Procurement

These activities relate to managing and processing information and protecting a company's knowledge base.

• Human resource management

• Procurement

• Infrastructure

• Technological development

Which of the following is NOT a definition of Value Chain

• The Value Chain adds value to the product

• It connects all the parties/people involved in the business

• set of input activities that a company carries out to create value

• often involves finding the raw material for manufacturers

These are a company's support systems and the functions that allow it to maintain daily operations.

• Technical Development

• Infrastructure

• Procurement

• Human Resource Management