Question

Managers track the costs incurred in each value-chain category is to reduce costs and to improve efficiency. TRUE OR FALSE

Answer 1

False, Managers track the costs incurred in each value-chain category to reduce costs and improve efficiency.

Step-by-step explanation:

False. Managers track the costs incurred in each value-chain category to reduce costs and improve efficiency. By analyzing the costs associated with each stage of the value chain, managers can identify areas where expenses can be reduced and processes can be streamlined.

For example, if a company identifies that the cost of sourcing raw materials is high, they may explore alternative suppliers or negotiate better pricing to lower costs. Tracking costs in each value-chain category helps managers make informed decisions to improve the company's overall financial performance.