The idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is reached where the additional inputs produce no additional value, is referred to as:

The parts of an organization's infrastructure, human resources, technology, and procurement that make the delivery of the firm's products or services possible are known as ……….. activities.

The expenses incurred by a customer or company in lost time and resources when changing from one supplier or system to a competing supplier or system are known as:

An efficient customer response system directly links consumer behavior to distribution, production, and supply chains.

Why does Amazon need to worry about competitors in online shopping?

A(n) …………….. is an activity for which a firm is a world-class leader.

In the value chain model, support activities are most directly related to the production and distribution of the firm's products and servic which create value for the customer.

Smart products are an example of the Internet of Things.