Value Chain Activities Are

question 79

Multiple Choice

Value chain activities are:

• A) the activities most likely to be imitated by competitors.
• B) activities or tasks the firm completes in order to produce products and then sell, distribute, and service those products in ways that create value for customers.
• C) the core competencies of the organization.
• D) the activities most crucial to implementing the firm's business strategy.

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Definitions:

Chief Executive

The highest-ranking executive in a company or government, responsible for making major corporate or policy decisions.

Administrative State

A concept that describes a government in which the executive branch, through various agencies, plays a significant role in regulation and policy implementation beyond traditional law enforcement.

Patronage

The power to control appointments to office or the right to privileges, often used by politicians to reward individuals for their support or loyalty.

Civil Service

A body of government employees selected based on merit rather than political affiliation, tasked with the implementation of public policy.