One of the most effective ways to manage a value chain efficiently is toMultiple choice question.hire more employees.work with rivals to provide better service.find innovative ways to keep costs down.attend value chain meetings.

A company with a value chain system that sells directly consumers is able toMultiple choice question.bypass the costs of distributors.reduce the need for cost drivers.increase overhead expenditures.develop better relationships with distributors.

Companies can reduce costs associated with a value chain system byMultiple choice question.replacing direct shipments with warehousing.hiring extra temporary employees.eliminating unnecessary steps.shifting centralized activities to individual stores.

Which of the following play the two most key roles in helping organizations achieve superior quality, efficiency, innovation, and responsiveness to customers?Multiple select question.Value-chain managementFinancial managementMarketingFunctional strategy

An organisation’s value chain provides a framework for considering a range of issues such as:I.    reinforcing initiatives such as costing methodsII.   breaking down traditional representations of organisational activity.III.  reflecting value chain relationships in terms of cost.IV.   encourages a broader organisational viewQuestion 18Select one:II and IVAll options are correct - I,II,III and IVI and IIII and II

If a firm has adopted a the strategy of driving out inefficiency at every stage of the value chain, in order to price below rivals, it is trying to adopt cost leadership. increased economies of scale. vertical discrimination. a resource based strategy.