Although a useful step in the strategic management process, value chain analysis does little to help a firm monitor whether its prices and costs are competitive.

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Value chain analysis involves examining a company's activities to identify areas where value can be added and costs can be minimized. By analyzing the value chain, a firm can identify opportunities for cost savings, differentiation, and competitive advantage. Thus, value chain analysis can help a firm monitor its costs and prices to ensure they are competitive.

Although a Useful Step in the Strategic Management Process, Value