Value Chain Analysis Is a Tool Used To

question 60

Multiple Choice

Value chain analysis is a tool used to:

• A) analyze a firm's external environment for value-creating opportunities.
• B) analyze a firm's value chain activities and support functions in isolation from its competitors' value chain.
• C) understand the parts of the firm's operation that create value and those that do not.
• D) identify the firm's core competencies in each of the primary activities of the firm.

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Definitions:

Deadweight Loss

The loss of gains from trade to buyers and sellers that occurs when a tax is imposed. The deadweight loss imposes a burden on both buyers and sellers over and above the actual payment of the tax.

Keynesian View

An economic theory asserting that government intervention can stabilize the economy through monetary and fiscal policies.

Private Investment

Private Investment encompasses the expenditures on capital assets by private businesses or individuals, excluding government spending.

Business Optimism

A positive outlook or sentiment held by businesses about the future economic conditions, often leading to increased investment and growth plans.