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Exam 5: Value Chain Analysis

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Question 21

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Which of the following is one of the support activities in the value chain?

A) human resource management
B) research & development
C) procurement
D) All of the above are support activities in a value chain.

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Question 22

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A matrix that arrays a company's strengths and weaknesses against its opportunities and threats is called a(n) ________ matrix.

A) SWOT
B) internal-external
C) TOWS
D) assessment

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Question 23

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A SWOT analysis has which of the following benefits?

Value is best captured when a company's set of activities is ________ and those activities are not easily imitated by a competitor.

Human resource management, procurement, and research and development are some of the primary activities in the value chain.

A study of U.S. employment showed that most of the jobs in the economy in the year 2000 were tied to value chain support activities.

Contrast the purposes of an external analysis and an internal analysis.

What are some of the fundamental primary and support activities by which a company can create value?

The potential drawbacks of using a SWOT analysis include the possibility for some ambiguity about whether a particular item is a strength or a weakness and the danger that the list of items produced can become too long.

A managerial accounting method used to assign all direct and indirect costs to a particular activity is

Which of the following is not one of the primary activities in the value chain?

An examination of driving forces is one of the three basic methods for conducting an internal analysis to gain insight into a firm's strategic potential.

Primary value chain activities are far less obvious to outsiders and competitors and are therefore much more difficult to imitate.

Activity-based costing is a method of managerial accounting used to assign all direct and indirect costs to a particular activity.

Value creation occurs when some other party appreciates something that we do for him or her and is willing to execute a profitable transaction with us as a result.

A value chain analysis may show that some of the firm's activities are more effectively handled by another company - that is, they should be outsourced.

What are the basic ways in which a company creates and captures value through its various activities? How does this added value lead to a competitive advantage?

Relying on internal activities and processes, tapping customers and suppliers for ideas, and engaging in other boundary-spanning activities meant to identify emerging trends are all means by which a company can deliberately create a focus on

Benefits of using a SWOT analysis include the fact that it is easy to use and understand and that it is a strong starting point for in-depth discussion and analysis of a company's strategic position.

Which of the following is not a basic way in which value can be created?