Which of the following represents procurement as part of the support value activities in a value chain analysis?

A. Providing technical support for the manufacturing processes

B. Creating a new advertising campaign for the company's products

C. Distributing goods and services to customers

D. Hiring new employees

E. Purchasing inputs such as raw materials, resources, equipment and supplies

Question

Business

Laylah Hansen

28 July, 22:24

Which of the following represents procurement as part of the support value activities in a value chain analysis?

A. Providing technical support for the manufacturing processes

B. Creating a new advertising campaign for the company's products

C. Distributing goods and services to customers

D. Hiring new employees

E. Purchasing inputs such as raw materials, resources, equipment and supplies

+2

Answers (1)

Know the Answer?

Chef · Answer 1

E. Purchasing inputs such as raw materials, resources, equipment and supplies

Explanation:

In business, Procurement is the process of acquiring goods/services in order to support operational activities.

It includes all the aspects related to a purchase: price (estimates, biddings), payment terms, good specifications, quality, delivery, volumes, etc.