Analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred best describes:
A)affinity clustering
B)business process reengineering
C)value chain analysis
D)technical difficulty or risks

Question

Quizplus · Accepted Answer

Value chain analysis involves examining an organization's activities from start to finish to determine where value is added to the products or services and the costs incurred. This helps in identifying areas where efficiency and profitability can be improved. Affinity clustering is a technique used to group related ideas or data points, and technical difficulty or risks refers to the potential problems that may arise in implementing a project. Business process reengineering is a technique used to analyze and redesign an organization's workflow to improve efficiency and effectiveness. While it may be related to value chain analysis, it is not the same thing.

Analyzing an Organization's Activities to Determine Where Value Is Added