In Conducting a Value Chain Analysis, a Manager at a Small

question 51

Multiple Choice

In conducting a value chain analysis, a manager at a small manufacturing firm looks at a particular department within the company and sees that its activities are proprietary to the company's yet common across the industry. In this case, the manager would:

• A)​Definitely work toward outsourcing this activity.
• B)​Definitely work toward keeping this activity in-house.
• C) ​Want to consider outsourcing this activity, sell the unit involved, or lease the unit's services to other firms.
• D) ​Try to make the activity less proprietary.

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Definitions:

Economic Models

Simplified representations of complex economic processes, used to predict or analyze economic behaviors and outcomes.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

National Debt

The net accumulation of federal budget deficits.

Rate of Unemployment

The percentage of the labor force that is jobless and actively seeking employment.