An example of how companies can revamp their value chain to reduce costs is:
A) to increase service availability while reducing staffing requirements.
B) to continue to utilize traditional methods of distribution and sales.
C) to not make any changes in product manufacturing but change end distribution methods.
D) to increase extra services to increase staffing requirements.
E) to facilitate the learning curve by providing superior training to new employees.

Question

Quizplus · Accepted Answer

By increasing service availability through the automation of services, companies can reduce the need for staffing requirements and ultimately reduce costs. This can be achieved through the use of technology such as self-service kiosks or online chatbots. Therefore, choice A is the best option for revamping the value chain to reduce costs.

An Example of How Companies Can Revamp Their Value Chain