Micheal Porter's Value Chain Would Identify Which of the Following

question 39

Multiple Choice

Micheal Porter's value chain would identify which of the following as a support activity?

• A) shipping out final products
• B) marketing products
• C) procurement
• D) servicing products
• E) operations

---

Definitions:

Bounded Rationality

A theory that suggests that there are limits to how rational a decision maker can actually be.

Heuristics

Shortcuts in decision making that save mental activity.

Decision Making

The cognitive process of selecting a course of action from multiple alternatives, typically aimed at achieving a specific goal or solving a problem.

Rationality

A logical, step-by-step approach to decision making, with a thorough analysis of alternatives and their consequences.