QUIZ

Question 1

method within which business received raw materials and add value to them through production

Answer 1

value chain

Question 2

comprises the flow of all information, products materials and funds between different stages of marketing and selling

Answer 2

supply chain

Question 3

five steps in the value chain process

Answer 3

inbound logistics
operations
outbound logistics
marketing and sales
service

Question 4

receiving, warehousing, and internal control

Answer 4

inbound logistics

Question 5

value creating activities that transform inputs into products

Answer 5

operations

Question 6

activities required to urge a finished product to a customer

Answer 6

outbound logistics

Question 7

activities related to getting a buyer to buy a product

Answer 7

marketing and sales

Question 8

activities that maintain and enhance a products value

Answer 8

service

Question 9

functions of a supply chain

Answer 9

product development
marketing
operations
distribution
finance
customer service

Question 10

process of finding and hiring the most effective and most qualified candidate for employment opening

Answer 10

recruitment

Question 11

the recruitment process (5)

Answer 11

step 1: conducting of a job analysis
step 2: sourcing of talent
step 3: screening of applicants
step 4: finalization of the job offer
step 5: introduction and induction of the new employee

Question 12

this step will allow the human resources manager, hiring manager, and other members of management on what the new employee are required

Answer 12

conduct a job analysis