The Initial Step to Implementing Value Chain Analysis Is

question 100

Multiple Choice

The initial step to implementing value chain analysis is

• A) attaching a cost to each discrete activity.
• B) establishing costs in terms of time.
• C) establishing costs in terms of money.
• D) converting the cost data into information by looking for competitive cost strengths and weaknesses.
• E) dividing a firm's operations into specific activities or business processes.

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Definitions:

Strategic Value

The worth or importance of something in achieving a business's long-term objectives and sustaining its competitive advantage.

Economic Factors

Variables or elements that affect the financial performance and decision-making process within the economy or a specific sector, including inflation, interest rates, and unemployment.

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships within an organization's internal and external environment.

General Conditions

The overarching terms, situations, or factors that apply broadly across different contexts, often framing the environment in which specific actions or activities occur.