An Advantage of Value Chain Analysis Is That It Allows

question 103

Multiple Choice

An advantage of value chain analysis is that it allows a company to

• A) evaluate ethical conduct.
• B) focus on its core competencies.
• C) use the four "w's."
• D) increase sales to customers.

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Definitions:

Economies of Scale

The reduction in the cost per unit of production as the volume of production increases, due to factors like improved efficiency and spreading fixed costs over more units.

Value Proposition

A value proposition is a business or marketing statement that summarizes why a consumer should buy a product or use a service, highlighting the unique benefits offered.

Unmet Customer Needs

Customer requirements or desires that are not adequately addressed by current products or services.

Customized Products

Goods and services that are tailored or personalized to meet the specific needs or preferences of individual customers or user groups.