Asked by Victoria Konko on Jun 05, 2024

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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

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery and beyond.

Distribution Channel

The pathway through which goods or services travel from the producer to the end consumer, possibly involving intermediaries.

Situation Assessment

The process of evaluating the current state of an environment, context, or situation, to inform decision-making and strategic planning.

  • Understand the concept and importance of the value chain in business strategy.
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ZK
Zybrea KnightJun 07, 2024
Final Answer :
A
Explanation :
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.