According to the Value Chain Analysis, Which of the Following

question 98

Multiple Choice

According to the value chain analysis, which of the following is a primary activity?

• A) research and development
• B) human resources management
• C) accounting and finance
• D) marketing and sales

Understand the role of entrepreneurs in the innovation process and the risks they bear.

Appreciate the worldwide duration of patents and their role in protecting innovations.

Understand the modern view of technological advance as an internal element of capitalism driven by profit motives and competition.

Recognize the distribution of business R&D spending among innovation, invention, and basic research.

---

Definitions:

Pathways

Routes or courses which lead from one place to another, often used metaphorically to describe options or processes to reach a certain goal.

Messages

Units of communication intended to convey information, feelings, or instructions from one entity to another.

Formal Channels

Follow the official chain of command.

Organization's Hierarchy

The arrangement of individuals within an organization according to levels of authority and responsibility.