Which of the following organizes all of the activities a firm performs to bring a product to the market?
A) value chain
B) operating matrix
C) distribution channel
D) situation assessment

Question

Quizplus · Accepted Answer

The value chain is a framework that defines the various activities that a firm must perform in order to produce and deliver a product to the market. It includes primary activities such as inbound logistics, operations, outbound logistics, marketing and sales, and after-sales service, as well as support activities such as procurement, technology development, human resource management, and firm infrastructure. The value chain helps managers to identify areas where they can create value, reduce costs, and differentiate their products from those of their competitors.

Which of the Following Organizes All of the Activities a Firm