In the Context of Value Chain Analysis,the Support Activities of a Firm

question 47

Multiple Choice

In the context of value chain analysis,the support activities of a firm include:

• A) human resources, management information systems, materials management, and accounting
• B) accounting, infrastructure, R&D, and materials management
• C) manufacturing, marketing and service, R&D, and management information systems
• D) human resources, materials management, infrastructure, and information systems
• E) infrastructure, R&D, human resources, and information systems

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Definitions:

Bushel

A unit of volume that is used primarily in the United States to measure agricultural commodities, equivalent to approximately 35.24 liters.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling beneficial trade.

Absolute Advantage

The capacity of a nation, individual, organization, or area to generate a product or offer a service at a cost per unit that is less than what any other party can produce that same good or service for.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one option over another.