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 examining all activities a firm performs and determining their associated costs. This analysis helps the firm identify areas where it may gain a competitive advantage by reducing costs or improving efficiency. The other choices are not directly related to this process.

The Process Whereby a Firm Determines the Costs Associated with Organizational