Question

An accurate assessment of a company's cost structure and customer value proposition requires that managers Multiple choice question. examine current accounting data. evaluate the specific value chain activities under their control. understand the value system for the entire industry. separate their activities from those of their distribution channel allies.

Answer 1

understand the value system for the entire industry.

Step-by-step explanation:

An industry value chain can be defined as a physical representation of all of the activities and processes undertaken by a company or business firm for the manufacturing of goods and services, especially starting with the purchase of raw materials, manufacturing of finished goods and then ending with the delivery of the finished goods (products) to the market and consumers through a supply chain.

Generally, an accurate assessment of a company's cost structure and customer value proposition requires that managers completely understand the value system for the entire industry.

This ultimately implies that, a manager must ensure that the industry value chain comprises of the costs, margins of suppliers, value-creating activities and processes, and forward channel partners (allies).