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:

Dominant Group

The group within a society that holds the most power, often setting norms and standards for others.

Minority Voice

Represents the perspectives or opinions of a smaller or less dominant group within a larger population.

Nonmalficence

A fundamental ethical principle in healthcare meaning "do no harm", guiding professionals to avoid causing harm to patients.

Healthy Coping

Strategies or mechanisms that an individual uses to manage stress, adversity, or trauma in a positive and constructive manner.