The Goal of Value Chain Analysis Is to Identify Processes

question 113

Multiple Choice

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or ________.

• A) Focused strategy, product differentiation
• B) Focused strategy, cost advantage
• C) Cost advantage, primary value activities
• D) Cost advantage, product differentiation

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Definitions:

Binary Numbers

A number system that uses only two digits, 0 and 1, to represent values, crucial in computer science and digital electronics.

I/O Tags

Identifiers used in programming and configuring automated systems to represent inputs and outputs, facilitating data exchange and control.

Controller Scope Tags

Refer to identifiers used within a control system to delineate the scope of variables or tags, ensuring proper management and access in programming environments.

Automatically Created

Pertains to something generated or produced by a system or process without human intervention.