What Are the Two Main Categories in a Value Chain

question 96

Multiple Choice

What are the two main categories in a value chain analysis?

• A)primary value activities and secondary value activities
• B)primary value activities and support value activities
• C)primary value activities and strengthening value activities
• D)None of these are correct.

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Definitions:

Rational Model

A decision-making approach based on careful analysis and logical evaluation of alternatives to achieve the most favorable outcome.

Decision Making

The cognitive process of selecting a course of action among multiple alternatives, often resulting in a final choice or judgment.

Bounded Rationality

A concept suggesting that decision-making is limited by the information available, cognitive limitations of minds, and finite time to make decisions.

Product Development

The entire process of bringing a new product or service to the market.