Porter's Firm Value Chain Can Be Used to

question 11

Multiple Choice

Porter's firm value chain can be used to

• A)estimate the value added at each stage of a good's production and distribution.
• B)show the after-tax profit generated by each part of the firm.
• C)show the pre-tax profit generated by each part of the firm.
• D)map out a firm's main activities into threshold and distinctive capabilities.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the law across states.

Merchants

Businesses or individuals engaged in the trading of goods, services, or commodities for profit.

Reasonable Commercial Standards

A set of accepted, practical criteria that guide business conduct and transactions within a particular industry.

Good Faith

A principle that denotes honesty, fairness, and sincerity in the intentions and actions of parties involved in an agreement or transaction, without the intention to deceive or defraud.