How does Michael Porter's value chain model help categorize competitive advantages?
What will be an ideal response?
Companies leverage their competitive advantage to succeed against other competitors in the market. Several
different types of competitive advantages are available. Michael Porter's value chain model helps categorize
competitive advantages by showing how each value chain element can be transformed into a competitive
advantage. The value chain model asserts that companies can deliver customer value throughout the chain of
activities that are used to create products and services and deliver them to market.
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Regression analysis is a key method used in econometrics in which the coefficients of an equation are calculated by finding values for them that make the ________ as small as possible.
A. correlation B. standard error C. sum of the squared error terms D. confidence interval
Performance measures are used in
a. the "perform" stage of the management process. b. the "evaluate" stage of the management process. c. the "communicate" stage of the management process. d. all stages of the management cycle.
______ is a feeling of nervousness, doubt, and confusion arising from being in a foreign and unfamiliar environment.
A. Conditioning B. Culture shock C. Naturalization D. Accustoming
While cookies are usually designed to maintain consumer privacy with respect to identity at least, they still nevertheless collect and utilize consumer data.
Answer the following statement true (T) or false (F)