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)highlights specific activities in the business where competitive strategies can best be applied.
E)enables more effective product differentiation.

Question

Quizplus · Accepted Answer

The value chain model highlights specific activities in the business where competitive strategies can best be applied. It provides a framework for analyzing a firm's activities and identifying ways to create more value for customers, while also reducing costs. The model categorizes a firm's primary and support activities and shows how they can be used to create a competitive advantage.

The Value Chain Model