Question

Value chain activities are:

A. the activities most likely to be imitated by competitors.
B. activities or tasks the firm completes in order to produce products and then sell, distribute, and service those products in ways that create value for customers.
C. the core competencies of the organization.
D. the activities most crucial to implementing the firm's business strategy.

Answer 1

Value chain activities are the activities or tasks completed by a firm to produce and sell products that create value for customers. These activities are crucial to implementing the firm's business strategy.

Step-by-step explanation:

Value chain activities are the activities or tasks that a firm completes in order to produce products and then sell, distribute, and service those products in ways that create value for customers. These activities are crucial to implementing the firm's business strategy and can vary depending on the industry and specific company.

For example, in the case of producing an iPhone, value chain activities would include designing and engineering the phone, sourcing and assembling parts, and marketing and advertising the product.

Value chain activities are not necessarily the same as the core competencies of the organization, although they can overlap. Core competencies refer to the unique strengths and capabilities that give a company a competitive advantage in the market.