Porter's Value Chain Framework Suggests That a Competitive Advantage Can

question 12

Multiple Choice

Porter's value chain framework suggests that a competitive advantage can stem from:

• A) Lowering costs and adding value
• B) Reducing isolated costs
• C) Disregarding customer data
• D) Optimizing internal costs
• E) Improving customer service

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Definitions:

Irrational Assumptions

Beliefs that are not based on reality or logical reasoning, often contributing to negative emotional outcomes.

Conditions Of Worth

External standards that individuals believe they must meet to gain respect and love from others, influencing self-esteem.

Intolerance Of Uncertainty Theory

A psychological theory suggesting that an inability to tolerate the unknown or ambiguous situations contributes to anxiety and worry.

Negative Event

An occurrence perceived as adverse, harmful, or undesirable, which can impact an individual's mental, physical, or emotional state.