Value Chain Analysis Is Useful at the Business Level to Highlight

question 88

Essay

Value chain analysis is useful at the business level to highlight specific activities in the business where information systems are most likely to have a strategic impact.Discuss this model,identify the activities,and describe how the model can be applied to the concept of information technology.

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Definitions:

Tax Revenue

The funds that governments garner from taxing activities.

Deadweight Loss

An economic inefficiency that occurs when the market outcome does not maximize total benefits, often due to distortions such as taxes, subsidies, or monopolies.

Tax

A mandatory financial charge imposed by a governmental organization in order to fund various public expenditures.

Gains from Trade

Gains from trade refer to the increase in consumer and producer surplus that occurs when countries specialize in the production of goods and services in which they have a comparative advantage and then trade with others.