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:

Accounts Receivable

The sum customers must pay to a business for goods or services that have been provided but not financially covered.

Building Contractor

A professional or company responsible for overseeing the construction process, including the coordination of labor, materials, and equipment.

Operating Cash Flow

The cash flow stemming from a company's usual business processes.

Marginal Tax Rate

The proportion of your earnings that is taxed according to the tax bracket(s) for which you are eligible.