The second step in value chain analysis is to
A) identify the legal ramifications and responsibilities of their product or service.
B) examine the linkages within each product's value chain.
C) confirm that all variables have been included and taken into consideration.
D) ensure that quality management is adequately addressed.
E) examine the potential synergies among the corporation's product or business units.

Question

Quizplus · Accepted Answer

The second step in value chain analysis is to examine the linkages within each product's value chain. This means analyzing how each activity in the chain contributes to creating value for the end customer, and identifying opportunities for optimization and cost reduction. Option A is related to legal analysis, which is not a part of value chain analysis. The confirmation of variable inclusion and consideration in option C is important but not necessarily the second step. Option D is also important but relates only to quality management, whereas value chain analysis encompasses a broader set of activities. Finally, option E may be useful, but is not a part of the second step in value chain analysis.

The Second Step in Value Chain Analysis Is to