Value Chain Analysis and Benchmarking in Comparison to That of Rivals

question 50

Multiple Choice

Value chain analysis and benchmarking in comparison to that of rivals:

• A) is one of the most useful ways a company can uncover and strengthen competitive advantages.
• B) allows a company to drive the impact of the five competitive forces.
• C) is one of the best ways for a company to avoid being impacted by the industry's driving forces.
• D) allows a company to move into a higher strategic group.
• E) helps neutralize external threats to a company's future business prospects.

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Definitions:

Social Unionism

A form of trade unionism concerned not only with workers’ rights and conditions but also with broader societal issues such as social justice and equality.

Government Program

A structured initiative or scheme developed and funded by a government to address a particular social, economic, or environmental issue.

Union Leader

A representative elected or chosen by members of a labor union who advocates for workers' rights, negotiates labor contracts, and addresses grievances.

Voluntary Recognition

The process by which employers formally acknowledge a union or workers' group without the need for a formal election.