Value Chain Activities

question 7

Multiple Choice

Value chain activities

• A) are used to identify the industry profit pool that the firm should target.
• B) show that there are multiple means that can be used to implement a business strategy.
• C) focus on the links between primary activities, because these are the true source of competitive advantage for the firm.
• D) can be used in not-for-profit organizations if the analysis focuses on support activities.

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Definitions:

Market Deregulated

The process where government restrictions, rules, and regulations on business operations and market entry are reduced or eliminated to foster a more competitive market environment.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a specified price within a given time period.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government legislation.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.