What Is a Value Chain Analysis

question 111

Multiple Choice

What is a value chain analysis?

• A) Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B) Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C) View of a firm as a series of business processes, each of which adds value to the product or service
• D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

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Definitions:

Federal Unemployment Taxes

Taxes paid by employers to fund the federal government's oversight of the state's unemployment compensation programs.

Withhold

To deduct or hold back a portion of something, such as taxes from a paycheck.

Take-Home Pay

The net amount of income an employee actually receives after deductions such as taxes and retirement contributions.

Voluntary Deductions

Deductions from an employee's paycheck that the employee chooses to have withheld for benefits such as retirement plans, health insurance, and union dues.