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:

Medium Size Groups

Groups typically composed of about seven to fifteen members, allowing for more complex dynamics and interactions than small groups, but more personal engagement than large groups.

Focus Groups

A qualitative research method where a group of people are asked about their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, advertisement, idea, or packaging.

Generalizing

The act of applying conclusions or observations from specific instances to broader contexts or populations.

Client-satisfaction Questionnaires

Surveys designed to assess the satisfaction levels of clients with services or products provided.