Use the Value Chain as a Framework to Explain How

question 2

Essay

Use the value chain as a framework to explain how the competitive advantage of differentiation can create products and/or services that are highly valued by customers.

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Definitions:

Bureau Of Labor Statistics

A governmental body in the United States responsible for gathering, processing, analyzing, and distributing crucial statistical information about the labor market, employment conditions, and variations in economic prices.

Business Establishments

Places of business where commercial, industrial, or professional activities are conducted, often referring to a physical location.

Frictional Unemployment

Short-term unemployment that occurs when people are between jobs or entering the labor force for the first time.

Demand For Labor

The total amount of workers that employers are willing and able to hire at a given wage rate in a given time period.