Asked by Hanna Jordan on Jun 27, 2024
Verified
In the context of the primary value chain functions, which of the following is a difference between the functions of research and development (R&D) and production?
A) For physical products, R&D means manufacturing, whereas for physical processes, production involves developing new services.
B) R&D is a process that is responsible for coming up with ideas for new production processes, whereas production is the function that actually provides a service.
C) R&D involves dealing with distribution channels, whereas production involves finding the right market niches and promoting them in those markets.
D) By differentiating through brand positioning, R&D increases the perceived value of a product, whereas production helps a company coordinate communication across functions with an organization.
Research and Development (R&D)
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
Production Function
An economic model depicting the relationship between input combinations and the maximum output that can be produced with those inputs.
Differentiating
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
- Understand the basic principles of value chain analysis, including the differentiation between primary and support activities.
- Acquire knowledge of the various tasks performed by the primary value chain and their significance in producing value.
Verified Answer
Learning Objectives
- Understand the basic principles of value chain analysis, including the differentiation between primary and support activities.
- Acquire knowledge of the various tasks performed by the primary value chain and their significance in producing value.
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