Value Chain Analysis is:Question 3Select one:a.a generalized version of the Business Utility Matrix defined in the Blue Ocean Strategyb.a specific version of the Business Utility Matrix defined in the Blue Ocean Strategyc.a quick version to identify incremental product and service innovationsd.an analysis used in ethical considerations pertaining to entrepreneurship all over the world

A value chain is the sequence of business processes in which:Question 16Select one:managers determine pricescosts are determined with activity-based principlesall non-value-added activities are eliminatedvalue is added to a product or service

Value chain activities a firm performs to sustain itself which do not directly create a product or service but are necessary to support the firm’s existence, such as accounting and human resources, are considered:Primary activitiesNon-product activitiesEssential servicesSupport activities

In what ways does Value Chain Analysis help organizations identify their competitive advantages?

Value Chain AnalysisWhat is the primary aim of value chain analysis?To increase marginTo decrease production costTo increase salesProduct development

A company’s value chain consists ofMultiple Choicethe activities a company performs in converting its resource weaknesses into resource strengths.the collection of activities it performs while designing, producing, marketing, delivering, and supporting its product or service.those activities a company performs that represent “best practices.”the activities that a company performs in developing a distinctive competence.the activities that represent a company’s competencies, core competencies, distinctive competencies, and competitive capabilities.