A value chain is the sequence of business processes in which:Question 16Select one:managers determine pricescosts are determined with activity-based principlesall non-value-added activities are eliminatedvalue is added to a product or service

Value chain activities a firm performs to sustain itself which do not directly create a product or service but are necessary to support the firm’s existence, such as accounting and human resources, are considered:Primary activitiesNon-product activitiesEssential servicesSupport activities

An organisation’s value chain provides a framework for considering a range of issues such as:I.    reinforcing initiatives such as costing methodsII.   breaking down traditional representations of organisational activity.III.  reflecting value chain relationships in terms of cost.IV.   encourages a broader organisational viewQuestion 18Select one:II and IVAll options are correct - I,II,III and IVI and IIII and II

A company’s value chain consists ofMultiple Choicethe activities a company performs in converting its resource weaknesses into resource strengths.the collection of activities it performs while designing, producing, marketing, delivering, and supporting its product or service.those activities a company performs that represent “best practices.”the activities that a company performs in developing a distinctive competence.the activities that represent a company’s competencies, core competencies, distinctive competencies, and competitive capabilities.

Which of the following does the value chain for a service entity include?Research and DevelopmentCustomer SupportPurchasingProduction/Sales TransactionsQuestion 11Select one:1, 2 and 43 and 41 and 42, 3 and 4

Value Chain AnalysisWhat is the primary aim of value chain analysis?To increase marginTo decrease production costTo increase salesProduct development