The Three Main Areas in the Value Chain Where Significant

question 97

Multiple Choice

The three main areas in the value chain where significant differences in the costs of competing firms can occur include

• A)age of plants and equipment, number of employees, and advertising costs.
• B)operating-level activities, functional area activities, and line of business activities.
• C)the nature and makeup of their own internal operations, the activities performed by suppliers, and the activities performed by wholesale distribution and retailing allies.
• D)human resource activities (particularly labor costs), vertical integration activities, and strategic partnership activities.
• E)variable cost activities, fixed cost activities, and administrative activities.

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Definitions:

Determinism

The philosophical theory that all events, including moral choices, are completely determined by previously existing causes.

Determinism

The doctrine that all events, including moral choices, are determined by previously existing causes.

Sufficient Natural Explanatory Cause(s)

A principle in philosophy and science that holds that natural phenomena have natural causes that are adequate to fully explain them, dismissing the need for supernatural explanations.

Soft Determinists

Philosophers who argue that free will and determinism are compatible, suggesting a person can act freely even if their actions are determined by preceding events or states.