The Value Chain Model

question 51

Multiple Choice

The value chain model

• A) categorizes five related advantages for adding value to a firm's products or services.
• B) sees the supply chain as the primary activity for adding value.
• C) categorizes four basic strategies a firm can use to enhance its value chain.
• D) helps a firm identify points at which information technology can most effectively enhance its competitive position.

Grasp the implications of geopolitical changes, such as the end of communism in Europe, on globalization and the U.S. economy.

Evaluate the impact of technological advances on scientific work and society.

Understand the broad influence of biological factors, such as testosterone and genetics, on aggression.

Identify and describe social and environmental factors contributing to aggressive behavior.

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Definitions:

Equity

The ownership value held in assets after all debts and liabilities have been subtracted, often referred to as shareholder's equity in a corporation.

Finance

The science of managing funds, including the processes of borrowing, investing, saving, and forecasting.

Agency Problem

A conflict of interest arising between principals (such as shareholders) and agents (like company executives) due to differing goals.

Store Locations

The specific physical points where a business operates or has commercial premises.