Question

in a value chain, service involves . group of answer choices a. processing raw materials into finished goods b. identifying customer needs and generating sales c. activities to support customers after the sale of products d. tasks associated with receiving, storing, and disseminating incoming goods

Answer 1

The correct answer is a. activities to support customers after the sale of products.

What is a value chain?

The value chain seeks to generate competitive advantages, and its study also applies to other activities such as the supply chain and distribution networks. Globalization has led to the creation of global value chains.

The competitive landscape is established by the value chain in four ways:

1. Degree of integration: There is a definition for all activities that take place within the corporation and not in other independent businesses.
2. Industrial panorama: It is the market and the industries in which our company operates and competes. A clearly defined strategy is formed with the express purpose of attaining the initial objectives.
3. The segment landscape: In this instance, it is mentioned that the product and the purchasers of this item may cause variations.
4. The geographical panorama: The nations, cities, or areas in which the business competes are mentioned.

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