For a Company to Translate Its Performance of Value Chain

question 118

Multiple Choice

For a company to translate its performance of value chain activities into a competitive advantage, it must

• A)undertake ongoing and persistent efforts to be cost-efficient and develop differentiation advantages.
• B)have more core competencies than rivals.
• C)have at least three distinctive competencies.
• D)have competencies that allow it to produce the highest-quality product in the industry.
• E)have more competitive assets than competitive liabilities.

---

Definitions:

Subjective Standard

A legal or evaluative criteria based on personal opinions, feelings, or perspectives, rather than objective, measurable factors.

Requisite Intent

The necessary state of mind or intention required by law for a person to be held legally responsible for his/her actions.

Contract

A legally-binding agreement between two or more parties that outlines obligations and benefits for each party.

Acceptance

An act signifying agreement to the terms of an offer, thus creating a binding contract.