A Value Chain for an Industry Sets Forth

question 32

Multiple Choice

A value chain for an industry sets forth:

• A) The layers of management the needed to be successful
• B) Sequence of activities involved in the creation, manufacture, and distribution of its products.
• C) Sequence of activities involved in a firm's research and development activities.
• D) Whether the industry is horizontally or vertically integrated.

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Definitions:

Differentiation

The process of distinguishing a product, service, or business in the market by creating unique features or establishing a distinct identity.

Integration

The process of combining or coordinating separate elements or parts into a unified whole.

Coordinate Labour

Organizing and aligning the efforts of a workforce to achieve common goals and objectives efficiently.

Divide Labour

The process of dividing work into distinct tasks, each performed by a different worker or group of workers, to increase efficiency and productivity.