What does the Porter's Value Chain Model help us to do?
A) Help analyse a firm's unique advantage
B) Help analyse a firm's selling points
C) Help analyse a firm's competitive advantage and its core competencies
D) Help analyse firm's marketing environment

Question

Quizplus · Accepted Answer

Porter's Value Chain Model helps analyse a firm's competitive advantage and its core competencies. It helps to identify the specific activities within a firm that create value and enable it to gain a competitive edge in the market. It also helps to identify areas where a firm can improve its operations, reduce costs and ultimately increase profitability. Option A is partially correct, as it helps to analyse a firm's unique advantage, but it is not as comprehensive as option C. Option B and D are incorrect, as the model does not directly help analyse a firm's selling points or marketing environment. The Porter's Value Chain Model helps us to analyse a firm's competitive advantage and its core competencies.

What Does the Porter's Value Chain Model Help Us to Do