The Options for Internally Performed Value Chain Activities and Improve

question 5

Multiple Choice

The options for internally performed value chain activities and improve a company's cost competitiveness include:

• A) investing in productivity-enhancing,cost-saving technological improvements.
• B) outsourcing internally performed activities to those able to perform the activities at a lower cost.
• C) implementing the use of best practices,particularly for high-cost activities.
• D) eliminating some cost-producing activities from the value chain,especially low value-added activities.
• E) All of these.

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Definitions:

Operating Revenue

Income derived from a company's core business activities, excluding any income from investments or secondary operations.

Product/Supplies Revenues

Income generated from the sale of goods, products, or supplies by businesses to consumers or other businesses.

Exclusive Territory

A designated geographical area in which a sales representative or distributor is given the sole right to sell a product.

Franchise Agreement

A franchise agreement is a legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchisee to operate a franchised business, including use of trademarks, operational guidelines, and financial obligations.