Value Chain Activities Are The

question 59

Multiple Choice

Value chain activities are the:

• A) activities or tasks most likely to be imitated by competitors.
• B) activities or tasks the firm completes in order to produce products and then sell, distribute, and service those products in ways that create value for customers.
• C) activities or tasks the firm completes to support the work being done to produce, sell, distribute, and service the products the firm is producing.
• D) activities or tasks most crucial to implementing the firm's business strategy.

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Definitions:

Low Bid Purchasing

A procurement strategy where contracts are awarded to the supplier offering the lowest price for goods or services, often utilized in public sector procurement.

Postindustrial Societies

Societies characterized by an economy where the service sector produces more wealth than the manufacturing sector.

Economic Sector

A segment of the economy that encompasses businesses and organizations sharing similar activities, products, or services.