The Value Chain Model

question 54

Multiple Choice

The value chain model:

• A)categorizes five related advantages for adding value to a firm's products or services.
• B)sees the supply chain as the primary activity for adding value.
• C)categorizes four basic strategies a firm can use to enhance its value chain.
• D)highlights specific activities in the business where competitive strategies can best be applied.
• E)enables more effective product differentiation.

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Definitions:

Macular Degeneration

A disease characterized by the deterioration of the macula, the central portion of the retina, leading to vision loss, particularly in the elderly.

Nearsightedness

A common vision condition where close objects appear clearly, but distant ones do not because of the shape of the eye.

Farsightedness

A common vision condition in which distant objects may be seen more clearly than objects that are near.

Seizure Prevention

Strategies or treatments aimed at reducing the occurrence or severity of seizures in individuals with epilepsy or other seizure disorders.