Thursday, 17 December 2015

Cima E2 Exam Question No 42

Question No 42:

Porter's Value Chain - Support Activities

Procurement - The acquisition of inputs, or resources, for the firm. Human Resource management - Consists of all activities involved in recruiting, hiring, training, developing, compensating and (if necessary) dismissing or laying off personnel. Technological Development - Pertains to the equipment, hardware, software, procedures and technical knowledge brought to bear in the firm's transformation of inputs into outputs. Infrastructure - Serves the company's needs and ties its various parts together, it consists of functions or departments such as accounting, legal, finance, planning, public affairs, government relations, quality assurance and general management.

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