Question

A company that does a first-rate job of managing its value chain activities relative to competitors

A. is likely to have more distinctive competencies than rivals
B.stands a good chance of achieving competitive advantage by performing its value chain activities either more proficiently or at lower cost.
C. Is almost certainly going to have a longer and more profitable value chain
D. usually has strong proficiencies in activity-based costing and benchmarking.
E. usually has the shortest and more efficient value chain in the industry

Answer 1

A company that excellently manages its value chain activities can achieve competitive advantage through proficiency or cost efficiency in its core competencies and by leveraging comparative advantage.

Step-by-step explanation:

A company that does a first-rate job of managing its value chain activities relative to competitors stands a good chance of achieving competitive advantage by performing its value chain activities either more proficiently or at lower cost. This can lead to distinctive competencies in their specific activities. In contrast, a company that tries to engage in a wide range of products without a clear focus might not achieve the same level of success. Businesses that concentrate on their core competencies are often better positioned to leverage their specialized knowledge and skills to create a competitive edge. The efficiency or robustness of the value chain, integration of activity-based costing, benchmarking, economies of scale, and the ability to utilize comparative advantage are all factors that contribute to a firm's success in the marketplace.