Managers Who Are Involved in Value Chain Analysis

question 1

Multiple Choice

Managers who are involved in value chain analysis:

• A)​Benchmark the firm's overall capabilities.
• B)​Assess their firm's resources and capabilities at a micro, activity-based level
• C) ​Look for ways to commoditize a firm's product lines.
• D) ​None of the above.

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Definitions:

Accord And Satisfaction

A legal agreement where a dispute is settled by one party providing something of value, which is then accepted by the other party as satisfactory resolution.

Novation

The act of replacing an existing contract with a new one, where a new party takes over the rights and obligations from an original party.

Substantial Performance

Substantial Performance is a legal concept where a party has completed a majority of its obligations, justifying payment or consideration despite minor faults.

Material Breach

A significant violation of a contract that goes to the essence of the agreement, giving the aggrieved party the right to terminate the contract and seek damages.