A Value Chain Is the Sequential Steps of Value-Added Activities

question 113

Multiple Choice

A value chain is the sequential steps of value-added activities that are necessary to create ________.

• A) a competitive advantage in a crowded industry
• B) differentiation among industry leaders
• C) low-cost alternatives to the products of industry leaders
• D) a product or service that is used by the end consumer

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Definitions:

American Wine

Wine produced in the United States, known for its diverse varieties and production regions like Napa and Sonoma.

Import Quota

A governmental policy that sets a physical limit on the quantity of a specific good that can be imported into a country over a given time period.

Trade Barriers

Measures such as tariffs, quotas, and import bans that governments impose to restrict international trade and protect domestic industries.

Canada

a country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and economic strength.