Value-Creating Activities

question 21

Multiple Choice

Value-creating activities

• A) focuses on exploiting a company's best-executed operating strategy.
• B) is based upon efficient performance of the company's primary value chain activities.
• C) concentrates on minimizing the costs associated with the design of a product or service.
• D) deliberately develop valuable competencies and capabilities that add to a company's competitive power in the marketplace.
• E) focuses on working with forward channel allies to develop capabilities to outmatch the capabilities of rivals.

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Definitions:

Two Variables

Refers to any analytical or statistical approach that involves two distinct or dependent variables for examination or study.

Scatter Diagram

A graphical representation of data using Cartesian coordinates to display values for two variables for a set of data, helping to show the relationship between them.

Approximate Class Width

An estimated value for the range of each category in a frequency distribution.

Frequency Distribution

A summary of how often different values occur within a dataset, often represented in a table or graph.