What is a value chain? And what relationship is there between the value chain and activity-based management?

What will be an ideal response?


Answers will vary
The value chain is the sequence of activities a company uses to provide products or services to its customers. Under activity-based management, a company examines its value chain, seeking to create and maintain value-added activities and to eliminate non-value-added activities.

Business

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To counter the short exposure time of billboards and to take advantage of traffic jams, a rising area of outdoor advertising is the use of ads on the sides of city buses

Indicate whether the statement is true or false

Business

The pattern of buying both premium and low-priced merchandise or patronizing both status-oriented retailers and price-oriented retailers is referred to as multichannel retailing.

Answer the following statement true (T) or false (F)

Business

Which of the following is true of information stored in departmental "silos'?

A) Such information is best described as structured data. B) Such information is best described as unstructured data. C) Such information is unlikely to be shared with other departments in the firm. D) Such information is typically gathered from indirect sources. E) Such information is typically gathered by channel partners.

Business

A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA social security taxes on earnings up to $128,400, and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for the following employees: EmployeeGross EarningsFederal Income Taxes WithheldA. Baylor$114,000$17,600C. Jasmine52,0008,200A. BaylorC. JasmineW-2 Information:________ ________Federal Income Tax Withheld…………..________ ________Wages, Tips, Other Compensation……...________________Social Security Tax Withheld…………...________________Social Security Wages………………….. ________________Medicare Tax Withheld………………… ________________Medicare

Wages…………………………________________ What will be an ideal response?

Business