Value-chain analysis assumes that the basic economic purpose of a firm is to create value, and it is a useful framework for analyzing the strengths and weaknesses of the firm.
Answer the following statement true (T) or false (F)
True
Value-chain analysis views the organization as a sequential process of value-creating activities. It provides greater insights into analyzing the competitive position of a firm than SWOT analysis does by itself.
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Netflix sells its movie services using its website while Redbox sells its movie services using vending machines. Each requires the products to be distributed through different channels. Netflix is using ____, while Redbox is using ___ to get the movies to its vending machines.
A. multichannel distribution; digital distribution B. digital distribution; just-in-time distribution C. intensive distribution; selective distribution D. multichannel distribution; physical distribution E. digital distribution; physical distribution
______ is the legal ability to create a contract
a. contractual capacity b. understanding capacity c. real capacity d. final capacity e. coherent capacity
Which of the following is a limitation of ratio analysis?
A) Financial ratios cannot be used to assess a firm's profitability. B) Ratios that reveal large deviations from the norm merely indicate the possibility of a problem. C) It is difficult to access audited financial statements for ratio analysis. D) Ratio analysis assumes that inflation has no effect on a firm's business.
The high-low method requires three observations of costs to calculate the cost formula.
Answer the following statement true (T) or false (F)