Asked by Victoria Konko on Jun 05, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand the concept and importance of the value chain in business strategy.
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