A Value Chain Analysis

question 29

Multiple Choice

A value chain analysis

• A)is an alternative framework within which to compare costs with your competitors.
• B)is an alternative framework within which to compare cost improvements in the last few years.
• C)is an alternative framework within which to compare a firm's profit margins with its competitors.
• D)is a framework for analyzing the chain of production of a good from nature to the 'final consumer'.

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Definitions:

Guthrie

proposed the one-trial learning theory, emphasizing that a stimulus paired once with a response can establish a connection, in contrast to theories requiring multiple pairings.

Stimuli

External or internal factors that elicit responses from biological organisms.

Response

An action or change in behavior that occurs as a result of a stimulus.

Habit Method

A technique in behaviorism for forming or breaking habits through repeated practice and reinforcement.