The Value Chain Model

question 51

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) helps a firm identify points at which information technology can most effectively enhance its competitive position.

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Definitions:

Ecological Systems Theory

The view that explains child development in terms of the reciprocal influences between children and environmental settings.

Prenatal Development

The process of growth and development within the womb, from conception to birth.

Neurotransmitters

Neurotransmitters are chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, gland cell, or muscle cell, facilitating communication within the brain and the rest of the nervous system.

Cognitive-Developmental Theory

The stage theory that holds that the child’s abilities to mentally represent the world and solve problems unfold as a result of the interaction of experience and the maturation of neurological structures.