Value Chain Analysis Is a Tool Used to

question 92

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.

---

Definitions:

Biological Perspective

An approach in psychology and biology that considers genetics, brain systems, and biochemical processes in understanding human behavior and mental health.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, potentially causing distress or problems functioning in social, work, or family activities.

Cognitive Distortion

A psychological phenomenon where an individual's thinking becomes biased or distorted, leading to flawed conclusions or negative thinking patterns.

Incompetent

Incompetent describes a lack of ability, qualification, or adequacy to perform a specific task or duty adequately.