In a Typical Value Chain, the Firm ________

question 95

Multiple Choice

In a typical value chain, the firm ________.

• A) rarely conducts research and development
• B) performs most upstream value-chain activities abroad, when exporting
• C) performs marketing activities such as pricing, promotion, and selling
• D) performs most downstream activities in the home market, when exporting

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Definitions:

Product Development

is a comprehensive process of bringing a new product to the market, which includes conception, design, development, and marketing of new or improved goods or services.

Golf Ball

A small, dimpled ball designed specifically for the game of golf, optimized for distance, flight stability, and control.

Geographical Markets

Areas or locations where products or services are marketed, each with its own set of customers with distinct needs and characteristics.

Pharmaceutical Companies

Businesses licensed to research, develop, market, and distribute drugs in the healthcare sector, often focusing on novel or generic drug manufacturing.