What Could Identification of Your Firm's Range of Value Chain

question 28

Multiple Choice

What could identification of your firm's range of value chain activities help you to detect?

• A) New markets.
• B) Legal liabilities.
• C) Ways to shift your core business.
• D) Resource draining side projects.
• E) All of the above.

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Definitions:

Functional Fixedness

A cognitive bias that limits a person’s ability to use an object only in the way it is traditionally used.

Mental Set

A psychological tendency to approach situations in a certain way due to past experiences or habits, which can limit problem-solving abilities.

Unnecessary Constraints

Limitations or restrictions that are not required and can hinder creativity, progress, or the achievement of goals.

Processing Speed

The rate at which an individual can take in, assimilate, understand, and act on information.