Which of the Following Is a Disadvantage of the Value

question 4

Multiple Choice

Which of the following is a disadvantage of the value chain process?

• A) It does not help analyze a company's strength compared to its competitors.
• B) It does not take into account firm infrastructure or human resource management.
• C) It does not help managers to identify areas in which a firm has an absolute strength.
• D) It does not span all of a firm's economic activities.

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Definitions:

Production Efficiencies

Measures of how effectively resources are used during the production process to maximize output and minimize waste.

Community Outreach

Initiatives and programs designed to engage and build relationships with the local community or specific demographic groups.

Systematic Approach

A methodical plan or process followed to achieve a specific goal or solve a particular problem.

Relevant Labor Market

The geographic and occupational area from which an employer recruits employees or expects to recruit.