What is a value chain analysis?
A) Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
B) Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C) View of a firm as a series of business processes, each of which adds value to the product or service
D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

Question

Quizplus · Accepted Answer

Value chain analysis involves looking at every step in the process of creating a product or service, from initial conception to final sale, and identifying ways to add value at each stage. This concept views a firm as a series of processes that contribute to the overall value of the product or service.

What Is a Value Chain Analysis