Value chain analysis and benchmarking in comparison to that of rivals:
A) is one of the most useful ways a company can uncover and strengthen competitive advantages.
B) allows a company to drive the impact of the five competitive forces.
C) is one of the best ways for a company to avoid being impacted by the industry's driving forces.
D) allows a company to move into a higher strategic group.
E) helps neutralize external threats to a company's future business prospects.

Question

Quizplus · Accepted Answer

Value chain analysis and benchmarking help a company identify areas where they can improve their operations and gain a competitive advantage by comparing themselves to their rivals. This allows the company to strengthen their position in the market and differentiate themselves from their competitors.

Value Chain Analysis and Benchmarking in Comparison to That of Rivals