When Evaluating the Value Chain, All of the Following Are

question 82

Multiple Choice

When evaluating the value chain, all of the following are included in the primary value activities except ________.

• A) Inbound activities
• B) Operations
• C) Service
• D) MIS development

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Definitions:

Allocative Inefficiency

Occurs when resources in an economy are not allocated optimally, leading to outcomes where it is possible to improve someone's well-being without worsening others'.

Profit-Maximizing

A strategy or process employed by businesses to determine the price and output level that generates the most profit.

Monopoly

A market structure characterized by (1) a single seller of a well-defined product for which there are no good substitutes and (2) high barriers to the entry of any other firms into the market for that product.

Vigorous Competition

Vigorous competition refers to a market condition characterized by strong rivalry among firms, aiming to outperform one another in price, quality, and service.