Which of the following is the first step in managing the value chain?
A) analyze how suppliers, distributors, and other business partners fit into a value net
B) develop valuable capabilities and use them to provide products that are superior in value
C) determine where in the value chain there is potential to add the greatest value
D) use formulated strategies to earn above-average returns

Question

Quizplus · Accepted Answer

The first step in managing the value chain is to determine where in the value chain there is potential to add the greatest value. This involves analyzing the activities involved in producing and distributing a product or service and identifying areas where improvements could be made to increase value and reduce costs. Once this is done, the company can develop strategies to enhance these areas and gain a competitive advantage.

Which of the Following Is the First Step in Managing