For a Company to Translate Its Performance of Value Chain

question 33

Multiple Choice

For a company to translate its performance of value chain activities into competitive advantage, it must

• A) undertake ongoing and persistent efforts to be cost-efficient and develop differentiation advantages.
• B) have more core competencies than rivals.
• C) have at least three distinctive competencies.
• D) have competencies that allow it to produce the highest-quality product in the industry.
• E) have more competitive assets than competitive liabilities.

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Definitions:

Episodic Memory

A subtype of long-term memory that involves the recollection of specific events, situations, and experiences, including the context and emotions associated with them.

Declarative Memory

A type of long-term memory responsible for storing information that can be consciously recalled, such as facts and events.

Procedural Memory

The type of memory responsible for knowing how to do things, also known as muscle memory.

Semantic/Episodic Distinction

The differentiation between semantic memory, which deals with facts and concepts, and episodic memory, which involves personal experiences and events.