The Main Objective of Value Chain Analysis Is to Identify

question 17

Multiple Choice

The main objective of value chain analysis is to identify stages of the value chain where the firm can:

• A)Justify increases in the price of the product or service.
• B)Increase value to the customer or reduce cost in some way.
• C)Outsource production to other producers.
• D)Improve efficiency

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Definitions:

Drawer

In the context of financial transactions, the person who writes or issues a cheque or draft directing a bank to pay the specified amount to a third party.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money by the drawer's order.

Payee

The person or entity to whom money is payable, especially in the context of a check, draft, or promissory note.

Specific Time

Denotes a precise moment or period that is identified for the occurrence of an event or action.