9. The extended value chain: A) Is a set of linked operations or processes that begins with obtaining resources and ends with providing products or services that customers value. B) Is a related set of tasks, manual or automated, that transforms inputs into identifiable outputs. C) Encompasses how companies obtain their resources and distribute their products and services, possibly using the services of other organizations. D) Is a technique for identifying opportunities for improvement and measuring the effects of proposed improvements by comparing both the costs and benefits of a proposal. 7. Which of the following activities would be included in the value chain of a manufacturing company? A) Research and Development B) Customer Service C) Design D) All of the above are included in the value chain 32. Chuckles Toy Manufacturing has recently performed an analysis on a new toy product that they are planning to develop and sell. Marketing has informed them that they will sell 100,000 units per year. The selling price per unit will be $50. They estimate the variable cost per unit to be $30, and total fixed costs to be $1,000,000. Their required return is 20% of the selling price. What is their target cost reduction? A). $100,000 B). $200,000 C). $250,000 D). $0 - the company has already achieved its required return of 20%