Using Value-Chain Analysis, a Firm Can Develop a Competitive Advantage

question 23

Multiple Choice

Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to:

• A)Add value and reduce cost.
• B)Improve manufacturing productivity.
• C)Improve customer service.
• D)Improve product quality.
• E)Reduce organizational risk.

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Definitions:

Compounded Annually

Describes interest that is calculated and added to the principal sum once per year.

Annual Investment

The amount of money that is invested or planned to be invested over the course of a year.

Investments

The action or process of investing money for profit, including assets such as stocks, bonds, real estate, or commodities.

Compounded Annually

Interest calculation method where the interest is added to the principal at the end of each year, affecting the next year's interest.