Value Chain Activities

question 16

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:

High Quality Living

A standard of life characterized by health, comfort, happiness, and access to necessary and luxury goods and services, often tied to economic prosperity.

Degree of Agency

The extent to which an individual or entity has the ability to act independently and make their own free choices.

Warehouse Fulfillment

The process of storing goods, processing orders, and distributing products to consumers in an efficient and timely manner from a warehouse.

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking.