Locating a Value Creation Activity in the Optimal Location for That

question 89

Multiple Choice

Locating a value creation activity in the optimal location for that activity can have one or two effects.First,it can lower the costs of value creation and help the firm to achieve a low-cost position,and/or:

• A) it can enable a firm to differentiate its product offering from that of competitors
• B) it can lower the cost of marketing and service
• C) it can expedite the research and development process
• D) it can create political good well
• E) all of these answers are correct

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Ethical Codes

A collection of rules aimed at assisting professionals in carrying out their duties ethically and honorably.

Strategic Plan

A document outlining an organization's long-term goals and the actions needed to achieve them, considering internal and external factors.

Principles

Basic principles or statements that provide the groundwork for a belief system or behavioral code, or which underpin a sequence of logical deductions.