Using Value-Chain Analysis, a Firm Can Develop a Competitive Advantage

question 23

Multiple Choice

Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to:

• A)Add value and reduce cost.
• B)Improve manufacturing productivity.
• C)Improve customer service.
• D)Improve product quality.
• E)Reduce organizational risk.

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Definitions:

Related

Being connected or associated with, especially by blood or marriage, or in context, pertaining to related subjects or themes.

Self-reliant Children

Children who have developed the ability to depend on their own skills and resources for solving problems and meeting needs.

Self-control

The capacity to control one's feelings, ideas, and actions when confronted with urges and impulses.

Authoritative

Pertaining to a source of information or control that is recognized for its reliability and accuracy.