The Key to the Value-Chain Approach to Competitive Advantage Is

question 157

Multiple Choice

The key to the value-chain approach to competitive advantage is ________.

• A) sharing value-chain activities with competitors
• B) developing and configuring value-chain activities
• C) having value-chain activities performed by the CEO
• D) focusing on value-chain links so they have the same strength

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Definitions:

Advocacy

The act of speaking or acting on behalf of a cause, policy, or individual to influence public opinion or decision-making.

Indirect Costs

are expenses not directly tied to a specific product or service production but necessary for the organization's overall operations, such as utilities or administration salaries.

Hard Costs

Direct, tangible expenses associated with the execution of a project, such as materials and labor costs.

Expenditures

The act of spending or disbursing money, particularly in relation to business or government expenses.