What Is a Value Chain Analysis

question 433

Multiple Choice

What is a value chain analysis?

• A)Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B)Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C)Views a firm as a series of business processes, each of which adds value to the product or service.
• D)Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

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Definitions:

First-line Supervisors

Managers or supervisors who are at the lowest level of an organization's hierarchy and have direct oversight of non-managerial employees.

Lack of Discretion

The absence of autonomy or freedom in making decisions or acting in certain situations.

Legitimate Power

Refers to power that is officially sanctioned and recognized by the authority structures of an organization or society.

Reward Power

The ability to influence others' behavior by controlling their access to desired resources or rewards.