Value Chain Activities Are

question 79

Multiple Choice

Value chain activities are:

• A) the activities most likely to be imitated by competitors.
• B) activities or tasks the firm completes in order to produce products and then sell, distribute, and service those products in ways that create value for customers.
• C) the core competencies of the organization.
• D) the activities most crucial to implementing the firm's business strategy.

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Definitions:

European Union (EU)

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital.

Eastern European Countries

Nations located in the eastern part of the European continent, including countries such as Poland, Hungary, and Ukraine.

World Trade Organization (WTO)

159-member international institution that monitors GATT agreements and mediates international trade disputes.

Pollution

Environmental damage caused by a company’s products or operating processes.