Which of the Following Statements Concerning Value Chain Analysis Is

question 35

Multiple Choice

Which of the following statements concerning value chain analysis is false?

• A)The goal of value chain analysis is to find areas where a company can either add value or reduce cost.
• B)The value chain focuses on the entire production process, as well as the sale of the product and service after the sale.
• C)If a company cannot compete in a specific area of the value chain, it might consider the option of outsourcing that portion of the value chain to someone who can perform it better.
• D)Throughout most industries, the most successful firms are the ones that operate within the entire value chain, thereby overseeing every aspect of the value chain for the customer.

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Definitions:

Fiscal Policy Institute

An independent, non-partisan research organization that studies and analyzes fiscal policies for public benefit.

Federal Minimum Wage

The lowest hourly wage that employers can legally pay their workers, as set by federal law.

Stimulate Job Growth

Measures and policies implemented to increase the number and quality of jobs in an economy.

Small Businesses

Enterprises characterized by fewer employees, lower revenue, and smaller scale of operations compared to larger corporations.