Business Processes and Marketing Concepts Quiz
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Questions and Answers

Why are value-creation processes often spread out geographically?

  • To ensure a wider customer base
  • Because of the requirement for different resources (correct)
  • Due to the need for diverse climates
  • To accommodate the division of labor

What does a value-creation chain refer to?

  • The combination of input and output values
  • The system of enterprises and organizations involved in value creation
  • The process of creating an ordered system of elements
  • The subdivision of individual sub-activities within a process (correct)

Why must a value-creation process based on a division of labor be organized?

  • To maximize the value of input and output
  • To streamline the value-creation system
  • To ensure a wider customer base
  • To bring together a system of enterprises and organizations (correct)

How can a value-creation system be understood?

<p>As those entities with which the enterprise has direct or indirect connections (A)</p> Signup and view all the answers

What is the reflexive design of value creation according to the text?

<p>Creating productive relationships in business ecosystems (D)</p> Signup and view all the answers

Which factor primarily influences the division of a value-creation chain between organizations?

<p>Transaction costs and organization costs (B)</p> Signup and view all the answers

What is the purpose of Fayol’s management cycle?

<p>Organizing enterprises and value-creation chains (B)</p> Signup and view all the answers

What does the term 'environment' encompass, according to the text?

<p>Natural, social, economic, and technological environments (D)</p> Signup and view all the answers

Why is it important for an enterprise to be legitimized and considered attractive by all stakeholders?

<p>To ensure continuing support from investors (B)</p> Signup and view all the answers

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