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:

Leadership Theory

A study or concept that explores the characteristics, behaviors, and influences of effective leaders and leadership styles.

Self-confident

Possessing assurance in one's own abilities or character, often resulting in assertiveness or a positive outlook.

Business Sense

The ability to make good judgments and quick decisions in a business environment, often leading to success.

Clinical Expertise

Clinical expertise refers to the advanced knowledge, skills, and judgment that healthcare professionals acquire through experience and education in their field.