Firm X Performs the Individual Activities of Its Value Chain

question 9

Multiple Choice

Firm X performs the individual activities of its value chain more efficiently than is competitors.Firm X most likely has a ________.

• A) strategic plan
• B) cost advantage
• C) core competency
• D) differentiation advantage

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Definitions:

Dispositional Factors

Aspects of an individual's personality that influence their behavior and attitudes in various situations.

Self-serving Bias

A cognitive bias where individuals attribute success to internal factors like their abilities or effort, while attributing failures to external factors beyond their control.

Situational Factors

External conditions or events that influence an individual's behavior, decisions, and performance.

Actor-observer Effect

A psychological phenomenon where people tend to attribute their own actions to situational factors, while attributing others' actions to their personalities.