The Three Main Areas in the Value Chain Where Significant

question 97

Multiple Choice

The three main areas in the value chain where significant differences in the costs of competing firms can occur include

• A)age of plants and equipment, number of employees, and advertising costs.
• B)operating-level activities, functional area activities, and line of business activities.
• C)the nature and makeup of their own internal operations, the activities performed by suppliers, and the activities performed by wholesale distribution and retailing allies.
• D)human resource activities (particularly labor costs), vertical integration activities, and strategic partnership activities.
• E)variable cost activities, fixed cost activities, and administrative activities.

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Definitions:

Legacy-creating Stage

A phase in life where individuals focus on what they will leave behind for future generations, often concerning their impact and contributions to society.

Post-formal Thought

A stage of cognitive development posited to follow Piaget’s final stage, characterized by the ability to understand that answers to problems can vary depending on circumstances and that ambiguity and contradiction are a part of life.

Practical

Related to the actual experience or use of knowledge in real-world situations, emphasizing effective action or application rather than theory.

Abstractly

Thinking in a way that is not concrete or specific, involving concepts and ideas rather than physical examples.