The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called
A) the resource-based approach.
B) value chain analysis.
C) strategic cost analysis.
D) the internal factor evaluation matrix.
E) cost-benefit analysis.

Question

Quizplus · Accepted Answer

Value chain analysis is the process of determining costs associated with organizational activities from purchasing raw materials to marketing products. This analysis helps firms identify areas where they can add value and reduce costs, which can lead to a competitive advantage. The other options are not specifically related to the process of determining costs associated with organizational activities.

The Process Whereby a Firm Determines the Costs Associated with Organizational