Value Chain Analysis Is a Tool Used To

question 48

Multiple Choice

Value chain analysis is a tool used to:

• A) Analyze a firm's external environment for value-creating opportunities
• B) Analyze a firm's primary and support activity in isolation from influences of the external environment
• C) Understand the parts of the firm's operation that create value and those that do not
• D) Identify the firm's core competencies in each of the primary activities of the firm

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Definitions:

Strategy Planning

The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy, including setting goals and determining actions.

Organization

An entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.

Functional Level

Pertains to the specific, operational areas within an organization, including departments like marketing, finance, HR, and operations, focusing on specialized tasks and strategies.

Specialists

Experts or organizations highly skilled in a specific and narrow area of a field or industry.