Firms competing in the same industry will have identical value chains.

Question

Quizplus · Accepted Answer

Firms in the same industry may have similar value chains due to the nature of the industry they operate in, but they are unlikely to have identical value chains as each firm may have different strategies, resources, and capabilities that influence their value chain activities. Additionally, firms may choose to outsource or contract out certain value chain activities, which can also lead to differences in their value chains.

Firms Competing in the Same Industry Will Have Identical Value