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:

Body Count

The total number of killed, wounded, or missing individuals in a particular event, often used in the context of military conflicts or disasters.

Opponents

Opponents are individuals or groups that compete against or hold differing views from another in a conflict, competition, or debate.

Defoliants

Chemicals used to remove the leaves from trees and plants, often used in agriculture to control weeds, and militarily to increase visibility in combat zones, such as in the Vietnam War.

1,000,000 Pounds

A monetary value in British currency, often used to denote a significant sum of money.