Which of the Following Decisions Does a Firm Need to Make

question 160

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 choices

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Definitions:

Skills

The ability to do something well; expertise or competence in a particular activity or domain.

Challenges

In a general context, challenges are obstacles or difficulties that need to be overcome, often requiring effort, skill, or strategy.

Flow

A mental state of deep involvement and immersion in an activity where an individual experiences focus, engagement, and a sense of satisfaction.

Effort

The use of physical or mental energy to achieve a goal or accomplish a task.