Receipt of materials is part of the firm's value chain.

Name: Receipt of materials is part of the firm's value chain.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Receipt of materials is a crucial step in the firm's value chain as it involves the process of receiving raw materials from suppliers, checking their quality and quantity, and storing them until they are needed for production. This step ensures that the firm has the necessary inputs to produce goods or services efficiently and effectively.

Receipt of Materials Is Part of the Firm's Value Chain