Asked by Andrea Lopez on May 02, 2024
Verified
The ________ element of the value chain relates to activities such as receiving and warehousing.
A) outbound logistics
B) inbound logistics
C) procurement
D) infrastructure
Inbound Logistics
The activities related to receiving, storing, and distributing inputs internally needed for the production of goods or services.
Outbound Logistics
The process involved in moving products from the production facility to the end user or intermediary, such as transportation and warehousing.
Procurement
The process of obtaining goods or services, typically for business purposes, including selection, negotiation, and acquisition.
- Identify the components of the value chain and their roles.
Verified Answer
Learning Objectives
- Identify the components of the value chain and their roles.
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