According to Michael Porter,a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.
A)supply chain
B)process
C)value chain
D)marketing channel
E)core competency

Question

According to Michael Porter,a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.
A)​supply chain
B)​process
C)​value chain
D)​marketing channel
E)​core competency

Quizplus · Accepted Answer

Michael Porter's concept of the value chain states that a firm's value is created through a series of activities that are classified into primary and secondary support activities. This framework helps firms to identify those activities that can help them in gaining competitive advantage when configured properly. Options A, B, D, and E are not as relevant to Porter's concept of the value chain.

According to Michael Porter,a Firm's _____ Is Composed of Primary