Firms can most likely identify competitive advantages with a framework based on their ________.
A) sales ratio
B) value chain
C) supply curve
D) marketing mix

Question

Quizplus · Accepted Answer

The value chain framework allows firms to identify and analyze specific activities that contribute to their overall competitive advantage. The framework includes primary activities such as inbound logistics, operations, outbound logistics, marketing and sales, and service, as well as support activities such as procurement, technology development, human resource management, and firm infrastructure. By understanding these activities and how they contribute to overall value creation, firms can identify areas where they have a competitive advantage and focus on strengthening those areas. The other options do not provide as comprehensive or relevant a framework for identifying competitive advantages.

Firms Can Most Likely Identify Competitive Advantages with a Framework