Please enter something
Home Page Social Science Business International Marketing Value Chain Analysis Page 3

Value Chain Analysis Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Value Chain Analysis and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Value Chain Analysis and get quick solutions for your test.

What is Value Chain Analysis?

Value Chain Analysis is a tool used by businesses to identify and analyze the activities within their value chain. It is an important tool for understanding how each activity in the chain contributes to generating profits and creating competitive advantage. The analysis provides companies with a better understanding of their costs, capabilities, and overall performance.At its core, Value Chain Analysis looks at all of the activities involved in producing a good or service from start to finish. This includes everything from purchasing raw materials to marketing the finished product. By breaking down these processes into smaller steps, it helps organizations gain insight into their efficiency and effectiveness throughout their operations. Companies can then use this information to streamline production and reduce costs without sacrificing quality or customer satisfaction.In addition to helping organizations understand their own operations, Value Chain Analysis can also be used as a strategic planning tool when considering different options for entering new markets or launching new products/services. Through analyzing each step of your value chain along with those of competitors, you can determine which areas are strong points where you have an edge over others as well as any weaknesses that could be exploited by your rivals if left uncontrolled. Overall, Value Chain Analysis has become increasingly popular among managers looking for ways to improve operational efficiency while simultaneously increasing profitability and gaining sustainable competitive advantages over other players in the industry. With its comprehensive view of internal business processes coupled with insights on external factors such as competition.

We've found 47 Value Chain Analysis tests

First Mover Advantages Mergers And Acquisitions Skills And Capabilities Top Management Team Value Chain Analysis
Practice Final Part 5 – Flashcards 24 terms
Sara Edwards avatar
Sara Edwards
24 terms
Preview
Business Management Human Resource Management Principles Of Marketing Value Chain Analysis
Strategy Ch6 – Flashcards 49 terms
Alicia Bennett avatar
Alicia Bennett
49 terms
Preview
Business Management Costs And Risks Financial Management Management Operations Management Value Chain Analysis
Strategic Management Chapters 7 ; 8 – Flashcards 79 terms
Jennifer Hawkins avatar
Jennifer Hawkins
79 terms
Preview
Which of the following is one of Porter’s three generic strategies? -Supplier power -Focused strategy -Value chain analysis -Business process
Focused strategy (Focused strategy is one of Porter’s three generic strategies.)
More test answers on https://studyhippo.com/dac1-wgu-business-driven-technology-study-guide-with-chapter-and-practice-tests/
Which of the following is one of Porter’s three generic strategies? -Buyer power -Broad cost leadership -Value chain analysis -All of these are correct
Broad cost leadership (Cost leadership is one of Porter’s three generic strategies.)
More test answers on https://studyhippo.com/dac1-wgu-business-driven-technology-study-guide-with-chapter-and-practice-tests/
What are the two main categories in a value chain analysis? A. Primary value activities & secondary value activities. B. Primary value activities & support value activities. C. Primary value activities & strengthening value activities. D. None of the above.
B. Primary value activities & support value activities.
More test answers on https://studyhippo.com/bmis-311-final/
The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or ________________. A. Focused strategy, product differentiation B. Focused strategy, cost advantage C. Cost advantage, primary value activities D. Cost advantage, product differentiation
D. Cost advantage, product differentiation
More test answers on https://studyhippo.com/bmis-311-final/
How can a company use Porter’s value chain analysis to measure customer satisfaction?
It views a firm as a series of business processes that each add value to the product or service. The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation.
More test answers on https://studyhippo.com/chapter-1-and-2-study-guide-mis-300/
Demonstrate how a company can add value by using Porter’s value chain analysis.
Porter’s Value Chain Analysis: views a firm as a series of business processes that each add value to the product or service. The goal is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation. When performing a value chain analysis, a firm could survey customers about the extent to which they believe each activity adds value to the product or service. Then the competitive advantage decision for the firm is whether to (1) target high value-adding customers to further enhance their value (2) target low value-adding activities to increase their value or (3) perform some combination of the two Supports both primary and support value added activities. Primary Example: The development of a marketing campaign management system that could target marketing campaigns more efficiently, thereby reducing marketing costs. The system would also help the firm better pinpoint target market needs, thereby increasing sales. Support Value Activity: The development of a human resources system that could more efficiently reward employees based on performance The system could also identify employees who are at risk of quitting, allowing manager’s time to find additional challenges or opportunities that would help retain these employees and thus reduce turnover cost.
More test answers on https://studyhippo.com/bsad-141-essay-questions-exam-1/
Which of the following analyzes a company’s business processes and is useful for determining how to create the greatest possible value for customers? A. Product analysis. B. Primary supplier power. C. Value chain analysis. D. Buyer chain analysis.
C. Value chain analysis.
More test answers on https://studyhippo.com/bmis-311-final/
A. resource-based view B. VRIO framework *C. value chain analysis* D. SWOT analysis (Although the resource-based view of the firm helps to identify the integrated set of resources and capabilities that are the building blocks of core competencies, the value chain perspective enables managers to see how competitive advantage flows from the firm’s distinct set of activities.)
Using the _____, managers can see how competitive advantage flows from a firm’s distinct set of activities.
More test answers on https://studyhippo.com/mgt-4195-chapter-4/
The value chain analysis is a tool that helps a company determine where in its value-adding process it produces more net value than its rivals produce.
T
More test answers on https://studyhippo.com/strategic/
Which of these is the process of identifying and selecting an organization’s objectives and deciding how the organization will achieve those objectives? A) Mission formulation B) Planning C) Value chain analysis D) Strategy development
B
More test answers on https://studyhippo.com/eco-final-exam-ch-11/
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New
Get unstuck with AI assistant right now
  • Enter your topic/question
  • Receive an explanation
Pro tips to get quality response
  • Ask one question at a time
  • Enter a specific assignment topic
  • Aim at least 500 characters
Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.