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.

---

Definitions:

Compensation of Employees

All forms of financial returns and tangible services and benefits employees receive as part of an employment relationship.

Human Capital

The collective skills, knowledge, and experience of an individual or workforce, viewed as an asset.

Proprietors

Owners of a business or holders of property.

Production Input

Any resource used in the creation of goods or services, such as labor, raw materials, and capital.