Which of the Following Decisions Does a Firm Need to Make

question 313

Multiple Choice

Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?

• A)target high value-adding activities to further enhance their value
• B)target low value-adding activities to increase their value
• C)perform some combination of the two
• D)All of these are correct.

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Definitions:

Amazon

A global e-commerce and technology company offering a wide range of products and services, including online retail, digital streaming, and artificial intelligence technologies.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making processes.

Sales Data Analysis

Sales Data Analysis is the process of examining sales figures to understand patterns, trends, and areas of improvement or opportunity for a business.

Behavioral Analysis

The study of individual actions and reactions, often within a specific context, to understand underlying mechanisms, motivations, and patterns of behavior.