The ________ element of the value chain relates to activities such as receiving and warehousing.

A) outbound logistics
B) inbound logistics
C) procurement
D) infrastructure

Inbound logistics is the element of the value chain that involves receiving and warehousing of raw materials and other inputs. Outbound logistics, on the other hand, relates to activities such as distribution and delivery of finished products to customers. Procurement refers to the process of acquiring the necessary inputs for production, while infrastructure involves the support services that enable the organization to operate efficiently, such as IT, HR, and accounting.