The Value Chain Model

question 83

Multiple Choice

The value chain model:

• A) categorizes five related advantages for adding value to a firm's products or services.
• B) sees the supply chain as the primary activity for adding value.
• C) categorizes four basic strategies a firm can use to enhance its value chain.
• D) helps a firm identify points at which information technology can most effectively enhance its competitive position.
• E) focuses primarily on collaboration with suppliers.

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Definitions:

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A theory suggesting that trends and innovations are initiated from the lower social classes and then adopted by the upper classes.

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